The post Trump Reaffirms Support for Crypto: Urges US to Lead in Digital Asset Innovation appeared on BitcoinEthereumNews.com.

TLDR Former President Donald Trump reiterated his support for Bitcoin and cryptocurrency during a livestream interview with Adin Ross Trump urged the US government not to sell its crypto holdings, but instead focus on developing the industry He compared crypto to artificial intelligence, stating that the US needs to innovate or risk falling behind countries like China Trump suggested the possibility of using Bitcoin to pay down the US national debt of $35 trillion In a recent livestream interview with popular streamer Adin Ross, former President Donald Trump reaffirmed his support for Bitcoin and cryptocurrency, urging the United States to take a leading role in digital asset innovation. Trump’s comments come at a time of increased speculation about the US government’s intentions regarding its cryptocurrency holdings. During the interview, Trump emphasized the importance of the United States maintaining its competitive edge in emerging technologies. He drew parallels between cryptocurrency and artificial intelligence, stating, “It’s like AI — ‘do you love it or do you not like it?’ — if we don’t do it, China is going to do it, or other people are going to do it, and we can’t be left behind, and crypto is right in that sphere.” The former president expressed concern about recent reports of large Bitcoin transfers from wallets identified as belonging to the US government. Last week, a transaction of approximately $2 billion worth of Bitcoin to an unidentified wallet sparked speculation about potential government plans to sell its crypto holdings. Trump argued against such a move, saying, “It’s something they shouldn’t be doing because they should be trying to build it. If we don’t do it, China’s doing it, and other places are doing it, and they’re doing it anyway.” Trump described cryptocurrency as a “very modern currency” and praised the industry, noting,…

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Filed under: News - @ August 6, 2024 10:18 pm