Donald Trump Continues His Pro-Crypto Crusade, Vows to Establish Future Of Crypto In The US

Updated: 28 May 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Republican Presidential Contender Donald Trump has vowed to establish the future of crypto and Bitcoin in the US, in yet another pro-crypto campaign speech.

While speaking at the Libertarian National Convention in Washington last week, Trump said he would ensure that crypto businesses are not driven overseas.

Nothing is more powerful than an idea whose time has come. pic.twitter.com/vTdbKHn6L8

— Michael Saylor⚡️ (@saylor) May 26, 2024

The Joe Biden administration has been under criticism for a coordinated effort to kill crypto. Trump is leveraging this to woe the millions of crypto voters in the US by promising them a friendly regulatory environment if elected in November.

Donald Trump Pitches Himself as Pro-Crypto

Trump is saying all the right words to appease crypto voters. In his recent speech, he promised to not only protect self-custody but also prohibit the creation of a central bank digital currency (CBDC).

“I will keep Elizabeth Warren and her goons away from your Bitcoin,” he added.

His speeches are already drawing attention from the bigwigs in crypto. Earlier this month, Cardano founder Charles Hoskinson said that while the Trump administration had issues, it largely ignored the crypto industry.

The Block founder, Mike Dudas, also appears swayed by Trump’s recent sentiments. He said that while the Biden administration wanted to classify him as a criminal, Trump was promising to allow him to pursue his livelihood and provide for his family.

look, i dislike this guy personally on like 1000 different levels

but he's essentially saying that he's going to allow me to pursue my livelihood and provide for my family, investors, founders and their employees

meanwhile the current admin wants to classify me as a criminal 🤷‍♂️ pic.twitter.com/VUAIm0mjPA

— Mike Dudas (@mdudas) May 25, 2024

However, not everyone is buying into Trump’s recent change of heart towards crypto. Adam Cochran, partner at Cinneamhain Ventures, believes Trump is using crypto as a ruse to garner votes.

“Trump has a decades long history of back peddling, not paying his bills, selling out others for his own interests,” he said. “[He] isn’t someone to honor his transactions.”