Trump’s Plan to Make the US the Crypto Capital
Donald Trump, the US Republican presidential candidate, laid out his plan to make the US the crypto capital of the world at the Bitcoin Conference in Nashville, Tennessee.
Trump’s vision for a crypto-friendly US includes:
* **Ending the “war on crypto”** by reversing Biden administration policies that he believes are harmful to the industry.
* **Firing SEC Chairman Gary Gensler** and appointing someone “who believes America builds the future, not block the future.”
* **Creating a Bitcoin and crypto Presidential Advisory Council** to design transparent regulatory guidance for the industry.
* **Rejecting the development of a Central Bank Digital Currency (CBDC)**, stating “There will never be a CBDC while I’m president of the United States.”
* **Enacting pro-Bitcoin energy policies** by increasing oil production and making the US the world’s lowest-cost energy producer, which would also make the US a Bitcoin mining powerhouse.
* **Maintaining the US government’s existing Bitcoin holdings** and building a “strategic national Bitcoin stockpile.”
Trump argues that his policies would lead to economic growth, financial dominance, and a stronger US economy. He also believes that the US must take a leadership role in the crypto industry to prevent China from dominating the space.
While Trump’s proposals have been met with enthusiasm by some in the crypto community, it remains to be seen how his plan would be implemented if he is elected.
## Key Points
* **”If crypto is going to define the future, I want it mined, minted and made in the USA,”** Trump said.
* **Trump criticized the Biden administration for its regulations on cryptocurrencies.**
* **He promised to fire SEC Chair Gary Gensler and to shut down Operation Choke Point 2.0.**
* **He also pledged to create a Bitcoin and crypto Presidential Advisory Council.**
* **Trump said he would never allow the US to create a CBDC.**
* **He expressed a belief that the US should not sell its Bitcoin holdings and instead build a “strategic national Bitcoin stockpile.”**
## Trump’s Crypto Stance
Trump’s stance on cryptocurrencies is rooted in his “America First” ideology. He believes that the US should be at the forefront of the crypto revolution and that this would benefit the country’s economy.
## The Future of Crypto in the US
It remains to be seen what the future holds for cryptocurrencies in the US. If Trump is elected, his policies could have a significant impact on the industry. However, it’s important to remember that the crypto landscape is constantly evolving and that the future is uncertain.
