{"id":640168,"date":"2024-09-06T05:30:09","date_gmt":"2024-09-06T05:30:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=640168"},"modified":"2024-09-05T20:22:03","modified_gmt":"2024-09-05T20:22:03","slug":"trumps-vision-america-to-reign-as-crypto-bitcoin-epicenter-latest-statement-reveals","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/trumps-vision-america-to-reign-as-crypto-bitcoin-epicenter-latest-statement-reveals\/","title":{"rendered":"Trump&#8217;s Vision: America To Reign As Crypto And Bitcoin Epicenter, Latest Statement Reveals"},"content":{"rendered":"<p><span style=\"font-weight: 400\">As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">America As The Bitcoin Capital<\/span><\/h2>\n<p><span style=\"font-weight: 400\">During a recent address at the Economic Club of New York, Trump <\/span><a href=\"https:\/\/x.com\/RSBNetwork\/status\/37901155\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">articulated <\/span><\/a><span style=\"font-weight: 400\">his vision for embracing industries of the future, notably positioning the United States as the global hub for crypto and Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">&#8220;Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin,&#8221; Trump declared, showcasing his commitment to fostering innovation and growth in the digital asset sphere.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/breaking-news-ticker\/doj-penalizes-robinhood-3-9-million-for-past-crypto-withdrawal-restrictions\/\" target=\"_blank\" rel=\"noopener \">DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions<\/a><\/div>\n<p><span style=\"font-weight: 400\">Addressing concerns around <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/trump-floats-bitcoin-payments-as-solution-to-35-trillion-us-debt-crisis\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">regulation<\/span><\/a><span style=\"font-weight: 400\">, an area of contention within the industry, Trump pledged to spearhead a campaign aimed at liberating the economy from burdensome regulatory constraints. He emphasized a bold agenda to eliminate outdated regulations, promising a tenfold reduction for every new regulation introduced under his administration.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Trump\u2019s remarks come alongside hints at his upcoming project, \u201cWorld Liberty Financial,\u201d aimed at positioning the US as the leading player in the global crypto arena.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In his latest <\/span><a href=\"https:\/\/bitcoinist.com\/trumps-crypto-agenda-us-supremacy-digital-finance\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">comments<\/span><\/a><span style=\"font-weight: 400\">, the former president expressed commitment to combat what he perceives as efforts to stifle the industry, asserting, \u201cThey want to choke you, and we are not going to let that happen.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">While Trump did not specify who he believes is trying to &#8220;strangle&#8221; the crypto sector, his promises resonate with many in the industry who are frustrated with the SEC&#8217;s current enforcement strategy under Chairman Gary Gensler.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Trump has previously <\/span><a href=\"https:\/\/bitcoinist.com\/trump-fire-sec-chair-on-day-1-crypto-face-roadblock\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">indicated <\/span><\/a><span style=\"font-weight: 400\">that he would seek to replace crypto-skeptic Gary Gensler upon his return to office, a move that many in the crypto community view as crucial for fostering a more supportive regulatory environment.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Trump Positions Himself As \u2018Crypto President\u2019<\/span><\/h2>\n<p><span style=\"font-weight: 400\">With the election just 2 months away, Trump&#8217;s advocacy for cryptocurrencies and the broader industry could lead to significant shifts in US policy. He has also branded himself as the first \u201ccrypto president,\u201d vowing to create a <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/unveiling-the-strategic-advantages-of-a-bitcoin-reserve-for-the-us-economy\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">BTC reserve<\/span><\/a><span style=\"font-weight: 400\"> to offset the national debt, currently estimated at $35 trillion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts believe that such commitments could enhance <\/span><a href=\"https:\/\/uniquehot.com\/news\/8-factors-pointing-to-booming-crypto-prices-in-next-3-months-predicts-market-expert\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">market confidence <\/span><\/a><span style=\"font-weight: 400\">and potentially lead to price appreciation not only for Bitcoin, but for the entire digital asset ecosystem during the last part of the year.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/aptos-apt-dips-15-as-new-innovations-fail-to-spark-momentum\/\" target=\"_blank\" rel=\"noopener \">Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum<\/a><\/div>\n<p><span style=\"font-weight: 400\">As NewsBTC <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/expert-bitcoin-price-vertical-100000-candle\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">reported<\/span><\/a><span style=\"font-weight: 400\">, market experts predict that Trump&#8217;s unwavering support for digital assets and his proposed policy reforms could instill confidence in the market, potentially leading to further price appreciation and a more favorable regulatory landscape for the burgeoning crypto industry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the countdown to the election narrows, all eyes remain fixed on the narrative surrounding cryptocurrencies and the transformative impact a Trump presidency could bring to the sector.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/FGtRgnkw\/\" alt=\"Bitcoin\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The daily chart shows the Bitcoin price trending downwards. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">At the time of writing, the largest cryptocurrency on the market was down 3% from Wednesday&#8217;s price, resulting in a trading value of $56,000 per coin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from DALL-E, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House.\u00a0 America As The Bitcoin Capital During a recent address at the Economic Club of New York, Trump articulated his vision for embracing industries of the future, notably positioning the United States as the global hub for crypto and Bitcoin.\u00a0 &#8220;Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin,&#8221; Trump declared, showcasing his commitment to fostering innovation and growth in the digital asset sphere. Related Reading: DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions Addressing concerns around regulation, an area of contention within the industry, Trump pledged to spearhead a campaign aimed at liberating the economy from burdensome regulatory constraints. He emphasized a bold agenda to eliminate outdated regulations, promising a tenfold reduction for every new regulation introduced under his administration. Trump\u2019s remarks come alongside hints at his upcoming project, \u201cWorld Liberty Financial,\u201d aimed at positioning the US as the leading player in the global crypto arena.\u00a0 In his latest comments, the former president expressed commitment to combat what he perceives as efforts to stifle the industry, asserting, \u201cThey want to choke you, and we are not going to let that happen.\u201d While Trump did not specify who he believes is trying to &#8220;strangle&#8221; the crypto sector, his promises resonate with many in the industry who are frustrated with the SEC&#8217;s current enforcement strategy under Chairman Gary Gensler.\u00a0 Trump has previously indicated that he would seek to replace crypto-skeptic Gary Gensler upon his return to office, a move that many in the crypto community view as crucial for fostering a more supportive regulatory environment. Trump Positions Himself As \u2018Crypto President\u2019 With the election just 2 months away, Trump&#8217;s advocacy for cryptocurrencies and the broader industry could lead to significant shifts in US policy. He has also branded himself as the first \u201ccrypto president,\u201d vowing to create a BTC reserve to offset the national debt, currently estimated at $35 trillion.\u00a0 Analysts believe that such commitments could enhance market confidence and potentially lead to price appreciation not only for Bitcoin, but for the entire digital asset ecosystem during the last part of the year. Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum As NewsBTC reported, market experts predict that Trump&#8217;s unwavering support for digital assets and his proposed policy reforms could instill confidence in the market, potentially leading to further price appreciation and a more favorable regulatory landscape for the burgeoning crypto industry.\u00a0 As the countdown to the election narrows, all eyes remain fixed on the narrative surrounding cryptocurrencies and the transformative impact a Trump presidency could bring to the sector. At the time of writing, the largest cryptocurrency on the market was down 3% from Wednesday&#8217;s price, resulting in a trading value of $56,000 per coin.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":624302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,656,679,1119,1122,1144,8390,78790,6664,14690,1558,54512,8480],"class_list":["post-640168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-crypto-news","tag-cryptocurrency","tag-defi","tag-donald-trump"],"acf":[],"yoast_head":"\n<title>Trump&#039;s Vision: America To Reign As Crypto And 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