Donald Trump Vows to Make US ‘Crypto Capital of the World’

Former President Donald Trump has pledged to transform the United States into the “crypto capital of the planet and the Bitcoin superpower of the world” if elected. Speaking at a conference in Nashville, Tennessee, Trump outlined his vision to unlock the potential of the cryptocurrency industry.

He plans to establish an advisory council to develop cryptocurrency policy and to dismiss Gary Gensler, the current head of the SEC. Trump, who once called cryptocurrency a “sham,” has embraced it, highlighting Bitcoin as a symbol of freedom and independence from government control.

He aims to ensure that cryptocurrency mining and production are centered in the USA, promising to build necessary infrastructure and remove regulatory obstacles. Trump's shift in stance reflects intense industry outreach and campaign donations.

His proposed policies include defending the right to mine Bitcoin, opposing Central Bank Digital Currencies, and removing barriers to electricity generation for cryptocurrency mining. Trump’s promise to make the US a leader in cryptocurrency has been met with enthusiasm from industry supporters, who view it as a path to significant growth and innovation.