Donald Trump, the Republican Presidential Candidate for the November 2024 election has sparked discussion among cryptocurrency enthusiasts worldwide. During a speech at his Washington D.C. National Convention, the former President made a surprising declaration of support for digital assets, pledging to back the right to self-custody.
Donald Trump Promises a Crypto-Friendly Future
Notably, while addressing a massive crowd of supporters, Donald Trump assured that crypto users would benefit significantly if he gets re-elected.
“I will ensure that the future of crypto and Bitcoin will be made in the USA, not driven overseas. I will support the right to self-custody,” he declared.
BREAKING: 🇺🇸 Donald Trump says “I will ensure that the future of crypto and #Bitcoin will be made in the USA”
“I will support the right to self custody to the nations 50 million crypto holders” pic.twitter.com/OSfUL91McJ
— Bitcoin Magazine (@BitcoinMagazine) May 26, 2024
Some political analysts interpret Trump’s remarks as a nod to countries like El Salvador and the Central African Republic, which have adopted Bitcoin as legal tender, and to pro-Bitcoin nations such as Argentina.
As for entrepreneur and investor Anthony Pompliano, known as Pomp (@APompliano) on X, Trump’s stance on the digital asset is refreshing. Pomp noted that critics who believed the government would ban cryptocurrency were wrong, suggesting that the government is instead embracing it.
Addressing Regulation and Legislative Challenges
As per regulation and legislative challenges, Donald Trump assured crypto enthusiasts of a decentralized ecosystem with Bitcoin.
“To the nation’s 15 million crypto holders, I say this: with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin. And I will never allow the creation of a Central Bank Digital Currency,” he stated.
Trump’s bold statements have resonated strongly with the crypto community. The support for crypto at the National Convention is coming just days after Trump’s campaign team announced it now accepts crypto like Bitcoin and Shiba Inu as donations.
While many in the crypto space have lauded the speech, a section of the community sees it as a mere political statement to garner 15 million votes from crypto users. A user by the handle @CardanoSaint gave a scathing comment when he stated.
“He also said ‘Mexico will pay for the wall’ in his last campaign! He said that many more times with a lot more confidence than he is talking about Crypto. I am all for Crypto but let us not get carried away by what he says.”
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