Trump’s Crypto Plans: America First, Bitcoin Superpower
Donald Trump, former President of the United States, laid out his plan to make America the “crypto capital of the planet and the bitcoin superpower of the world” at the Bitcoin 2024 Conference in Nashville, Tennessee. Trump, along with his running mate J.D. Vance, has been courting votes and donations with the promise of lighter crypto regulation, a stark contrast to the Biden administration’s current crackdown.
“If crypto is going to define the future, I want it to be mined, minted and made in the USA,” Trump stated, emphasizing his “America First” stance. He also promised to fire Gary Gensler, the current SEC Chair, and replace him with a pro-crypto candidate.
Key Promises:
* **Lighter Crypto Regulation:** Trump promises to appoint a “bitcoin and crypto presidential advisory council” to develop transparent regulatory guidelines within 100 days.
* **Stablecoin Expansion:** Trump plans to create a framework for the safe and responsible expansion of stablecoins, aiming to strengthen the US Dollar’s global dominance.
* **No Central Bank Digital Currency (CBDC):** Trump explicitly stated that there will “never be” a CBDC under his administration.
* **Strategic Bitcoin Stockpile:** He also pledged to hold Bitcoin in a national stockpile.
Trump’s stance on crypto, particularly his support for Bitcoin, has sparked significant interest within the industry. He is the first major US political candidate to accept donations in Bitcoin and other crypto assets.
While his plans have garnered attention, it remains to be seen how these promises will translate into action if he returns to office.
