Ten promises President-elect Trump made to the crypto community
The post Ten promises President-elect Trump made to the crypto community appeared on BitcoinEthereumNews.com.
The 47th president of the United States, Donald Trump, made a number of bold promises to the crypto community during the Bitcoin Conference 2024 through interviews, rally speeches, and social media posts. Some of his supporters, however, remained skeptical about his ability to deliver on each one as he awaits his inauguration. Trump has been Bitcoin’s most vocal supporter throughout this year. First, he planned to integrate Bitcoin into the national financial strategy by making it the national reserve asset through the ‘strategic Bitcoin reserve.’ While it was unclear what policy he would use to enact this, Republican Senator Cynthia Lummis submitted a comprehensive Strategic Bitcoin Reserve Bill to Congress in August. Trump vows to make the U.S. the Bitcoin capital Donald Trump (@realDonaldTrump) has won the 2024 #USelection, backing the #Bitcoin price to soar above $75,000—a new all-time high! Here are the 11 promises President Donald Trump has made regarding Bitcoin and cryptocurrency: 1/ Fire SEC Chairman Gary Gensler on Day 12/… pic.twitter.com/uksgtLPF0W — Spot On Chain (@spotonchain) November 6, 2024 President-elect Trump promised to turn the U.S. into the world’s Bitcoin and cryptocurrency capital. He said that his government would retain 100% of the 208,109 BTC worth approximately $15.5B currently held by the U.S. government. The Bitcoin Act also proposed the purchase of 200K BTC every year to accumulate a stockpile of 1M Bitcoin in the next 5 years. Meeting privately with major Bitcoin miners in June, Trump declared that he wanted to see all the Bitcoin mined in the United States. He repeated this action plan several other times, including at the Bitcoin Conference 2024, where he said he would ensure that the U.S. took a dominant role in Bitcoin mining. He added that he would commit himself to deregulating the energy sector to increase energy independence.…
Filed under: News - @ November 6, 2024 7:26 pm