Donald Trump pledges to make the US the “crypto capital of the planet” and criticizes current energy policies affecting Bitcoin mining.
Points
- Trump promises to end regulatory pressures on the crypto industry.
- Advocates for US dominance in Bitcoin mining.
- Plans to reverse federal incentives for electric vehicles.
Donald Trump, speaking at the Bitcoin 2024 conference, promised to make the United States the “crypto capital of the planet” if he wins the upcoming presidential election. Drawing parallels between the Bitcoin community and the early steel industry, Trump highlighted the transformative potential of cryptocurrency.
Trump criticized his political rival, Vice President Kamala Harris, and addressed concerns about energy consumption in Bitcoin mining. He promised to use fossil fuels to generate abundant electricity, reversing federal incentives for electric vehicles.
“If crypto is going to define the future, it’s going to be mined, minted and made in America. If Bitcoin is going to the Moon, as they say, I want it to be America that sends it there,” Trump declared, emphasizing his commitment to supporting the crypto industry and ensuring its growth within the US.