In a bold assertion at the Future Investment Initiative Institute conference in Miami, former President Donald Trump reiterated his commitment to making the United States the global leader in cryptocurrency. Citing Bitcoin’s recent record highs, including surpassing $108,000 earlier this year, Trump linked the surge in digital asset values to his vision for America’s dominance in the crypto sector.
Trump emphasized Miami’s growing role as a central hub for cryptocurrency, predicting the city will continue to thrive as a focal point for blockchain innovation and digital currency activities. On Wednesday, Bitcoin traded at approximately $96,700, signaling robust market growth.
Trump’s advocacy for digital currencies dates back to his presidential campaign, where he vowed to establish the U.S. as the world’s crypto capital. His administration underscored this commitment by appointing Paul Atkins, a crypto-friendly former regulator, to lead the U.S. Securities and Exchange Commission (SEC). Additionally, Trump’s term saw the launch of the TRUMP memecoin, which experienced notable market capitalization.
In his remarks on Wednesday, Trump outlined his plans to end what he described as a “war” against Bitcoin. This initiative would involve issuing executive orders aimed at solidifying America’s leadership in both crypto and artificial intelligence. Key to his strategy is the development of federal regulations and resistance to central bank digital currency initiatives.
Trump also criticized the SEC under President Biden, accusing the agency of taking an overly aggressive stance against cryptocurrency. As Congress shifts toward a more crypto-friendly approach, Senator Tim Scott, Chair of the Senate Banking Committee, and Representative French Hill, Chair of the House Financial Services Committee, are set to spearhead efforts to draft new regulations for the industry.
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