During his campaign, Donald Trump reaffirmed his support for the crypto industry, hoping to make the United States a stronghold in the sector. The Republican candidate for the American presidential elections also announced that if he were elected, Elon Musk would help him in this task.
Donald Trump reaffirms his support for the crypto industry and can count on Elon Musk
Within the headquarters of the Economic Club of New York, Donald Trump gave a speech as part of his campaign, focusing on the economy and finance. On this occasion, the Republican candidate for the White House has once again affirmed its support for the cryptocurrency industry.
The former president of the United States has shown himself to be ambitious. He has assured that he wants to make the world's leading power a stronghold of cryptocurrencies if he were to be elected:
Instead of attacking the industries of the future, we will support them, in particular by making the United States the world capital of Bitcoin. [BTC] and cryptocurrencies.
💡 Check out our guide to buying Bitcoin quickly and easily
After reaffirming his pro-crypto stance, Donald Trump also clarified that he would repeal about ten regulations in order to design a new onemore favorable to the use of cryptocurrencies. The Republican candidate announced that he would appeal to Elon Musk to develop this new legislative framework.
According to Donald Trump, the businessman CEO of SpaceX and Tesla would be at the head of an unprecedented working group :
I will establish a Government Efficiency Commission to conduct a comprehensive financial and performance audit of the entire federal government, making recommendations for sweeping reforms. […] We have to do it and we cannot continue as it is now.
The main person concerned by this announcement did not hesitate to react on Xa social network of which he is the majority shareholder, assuring that these measures were ” absolutely necessary ” and that they ” would unlock massive prosperity for America » :
This is badly needed https://t.co/H9AKYbDssZ
— Elon Musk (@elonmusk) September 5, 2024
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A presidential campaign marked by the issue of cryptocurrencies
Elon Musk has already agreed to lead this working group in the event that Donald Trump were to win the presidential election. If he has time [de travailler avec nous]he is quite capable of doing so “, the candidate for the White House also affirmed, who seems sure of his choice.
All of these announcements are in addition to to all the promises around cryptocurrencies already mentioned by Donald Trumpparticularly during his speech at the Bitcoin Conference at the end of July.
🔎 Also read – Behind the scenes at World Liberty Financial, the crypto project led by Donald Trump's sons
For several months, the Republican candidate for the presidency of the United States has been adorning himself from his businessman's suit concerned about cryptocurrencies. Thus, he took a large lead over his Democratic rival, Kamala Harrisstill suffering from the very conservative position of the current American president, Joe Biden.
In addition, the two main parties competing in the presidential election scheduled for early November have presented their programs. While the Republican Party's program devotes an entire sub-chapter to the cryptocurrency industry, This is far from being the case for the Democratic Party..
Indeed, the latter does not contain any mention of related terms to the crypto ecosystem. An “oversight” that did not fail to intrigue part of the community at a time when cryptocurrencies are gradually becoming one of the key issues of the campaign.
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Source: C-SPAN
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Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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