Coin Edition -
- Donald Trump has promised to support Bitcoin and cryptocurrency if re-elected.
- Trump said he would not allow the U.S. to create a CBDC.
- The former president promised to commute Ross Ulbricht’s sentence to time served.
Former U.S. President Donald Trump has promised to support Bitcoin and cryptocurrency if re-elected in the forthcoming presidential election. According to Trump, “Bitcoin will be made in the USA, not driven overseas.”
"I will also immediately end the humanitarian crisis on our southern border." – President Donald TrumpJoin our LIVE Coverage of President Trump’s Speech: https://t.co/fAKnmQkekf pic.twitter.com/Gs1RdVSMAb— Real America's Voice (RAV) (@RealAmVoice) May 26, 2024
Continuing his campaign speech, Trump promised to support the right to self-custody and keep the well-known anti-crypto senator, Elizabeth Warren, away from the nation’s 50 million crypto holders. Trump further promised never to allow the creation of a central bank digital currency (CBDC).
Meanwhile, the recent campaign speech is not Trump’s first Bitcoin-appeal campaign move. The former president is renowned for repeatedly promising to support the cryptocurrency industry if re-elected. In one of his posts on Truth Social, an alternative social media platform, Trump expressed positivity and open-mindedness to cryptocurrency companies.
The former president claimed to support “all things related to the new and burgeoning industry,” noting that the U.S. must be the leader in the cryptocurrency field. He accused the current president, Joe Biden, of wanting cryptocurrency to die a slow and painful death, describing him as the worst president in the country’s history.
Trump also made another landmark pledge to the crypto community by promising to free the Silk Road creator, Ross Ulbricht, if re-elected. The court sentenced Ulbricht to two life sentences plus 40 years for creating the darknet marketplace.
In his campaign speech, Trump pledged to commute Ulbricht’s sentence to the time served, as the audience, many of whom held up signs reading “Free Ross” cheered along. The court sentenced Ulbricht in 2015 after determining that the darknet he created anonymously used to buy and sell illegal goods, including drugs. He has served 11 years of his lifetime sentence as of filing this report.
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