BTC 2.15%
$62,162.22
ETH 3.23%
$2,428.18
SOL 4.93%
$143.50
PEPE 8.25%
$0.0000093
SHIB 8.93%
$0.000017
BNB 2.00%
$555.25
DOGE 4.37%
$0.10
XRP 1.44%
$0.53
Margex
Easy Crypto Trading

Trump Reiterates Promise to Make US the Global ‘Crypto Capital’ if Re-Elected

Crypto Regulations Donald Trump US Presidential Elections
Trump wants to embrace industries instead of attacking them, including cryptos.
Last updated:
Author
Author
Sujha Sundararajan
About Author

Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

Last updated:
Why Trust Cryptonews
With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews

The 2024 US Presidential hopeful Donald Trump has included crypto in his wide-spread speech on the country’s economic agenda.

Speaking at the Economic Club of New York on Thursday, the former President made a brief mention on cryptos. He once again stressed his intentions to make the US the “world capital for crypto and Bitcoin,” if re-elected.

He further pledged that his administration would eliminate at least 10 old regulations for every one new regulation. “We would be able to do that quite easily,” he noted. Trump added that this would liberate the US economy from crippling regulation.

“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin.”

His crypto mention at the Economic Club comes days after Trump’s family teased a DeFi project – World Liberty Financial. The project will be built atop Aave, the popular Ethereum-based lending platform.

Trump’s hour-long speech included plans of slashing the current regulations, cutting down inflation and promoting increased domestic energy production.

Additionally, he also intended to turn America into the “manufacturing superpower of the world.” The motive of the effort is to be a pro-American trade policy that uses tariffs to encourage local production and bring trillions of dollars back home.

Trump also came up with a slew of promises such as low taxes, low energy costs, low interest rates, secure borders, low crime, and surging income for every citizen.

Furthermore, Trump also mentioned to take Elon Musk’s suggestion to create a government efficiency commission task on auditing the federal government’s spending.

He also briefly mentioned that AI is “controversial,” however, “we have to be on top of it.”

“I took care of our economy like I would take care of my own company. I always put America first, every single time.”

More Articles

Blockchain News
Over 3,000 South Koreans Own Crypto Assets Valued at $740k+
Jimmy Aki
Jimmy Aki
2024-10-04 17:32:18
Industry Talk
Solana Charts Turn Bearish – Investors Are Flocking to This New Airdrop Casino
Joel Frank
Joel Frank
2024-10-04 17:19:38