Trump announces crypto-friendly turn and dismissal of SEC boss
Trump announces crypto-friendly turn and dismissal of SEC boss
Donald Trump's political efforts take a remarkable turn in the current campaign phase, in particular through his pro-cryptocurrency-friendly attitude. The former president, who was not too long ago as a crypto skeptic, strives to introduce fundamental changes in financial regulation in the event of a re-election. This could have far-reaching effects on the 16 percent of the US-growing people who already have Bitcoin or other cryptocurrencies.
Trump announces Bitcoin and crypto advisory board
At a Bitcoin conference in Nashville, Trump expressed his intention to establish a Bitcoin and crypto advisory board in the White House. This should develop regulatory guidelines within the first 100 days of his term in office that benefit the entire industry. "There will be rules, but these are developed by people who love their industry, not from those who despise them," emphasized Trump, showing a clear departure from the previous regulatory policy under Gary Gensler, the current head of the US exchange supervision Sec.
Change of attitude towards cryptocurrencies
Interestingly, Trump's turn to a positive attitude towards cryptocurrencies is remarkable because he vehemently against Bitcoin and Co. during his presidency from 2017 to 2021. Trump once described cryptocurrencies as "not money" and warned of their high price fluctuations and the associated risks. In recent years, however, he has changed his point of view and began to accept crypto donations for his election campaign.strategic plans for Bitcoin in the White House
In addition to his advisory board, Trump plans to keep all Bitcoin of the US government and to use it as part of a "strategic national Bitcoin stock". "I will be the pro-bitcoin president that America needs," said Trump. This shows how important the integration of cryptocurrencies into the national financial system appears to take into account the growing interest in the population.
role of the crypto community in the election campaign
Trump's new perspective could not only boost its election campaign, but also mobilize the entire crypto community. According to reports, the political action committee Fairshake, which is committed to cryptocurrencies, has already collected around $ 170 million, which makes it one of the largest Pacs in this election cycle. Prominent supporters from the risk capital industry also show interest in his crypto policy, which illustrates the relevance of the topic in the electorate.
conclusion
Trump's strong commitment to Bitcoin could be a turning point for the cryptocurrency landscape in the United States and shows how campaign strategies can be focused on the interests of certain population groups. Developments in the coming months will show whether these approaches actually have the desired influence on the voters and the regulation policy in the USA can change.
- Nag