Trump States the US Will Become the 'Crypto Capital of the Planet'
The US Republican presidential nominee, Donald Trump, has emerged as a prominent advocate for cryptocurrencies. Read Full Article at RT.com.
TroibNews 
The Republican presidential nominee, Donald Trump, is set to reveal a groundbreaking strategy to position America as the global leader in cryptocurrency.
On Thursday, Trump announced through a video on X, "This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet.”
In the video, Trump voiced concerns about oppositional forces: “They want to choke you. They want to choke you out of business,” without clarifying who "they" refers to. He assured viewers, “We’re not going to let that happen.”
Accompanying the post was a link to World Liberty Financial, a decentralized finance initiative being promoted by his sons, Donald Trump Jr. and Eric Trump. Donald Trump Jr. has previously stated that this platform could compete with the conventional banking sector. The initiative's Telegram channel is experiencing rapid growth, amassing over 53,000 followers as of last Thursday.
Furthermore, Trump has made history as the first significant presidential contender to accept campaign donations in cryptocurrency. Last month, he headlined a Bitcoin conference, where attending a roundtable discussion with him cost a donation of $844,600.
In a tweet including an image from @worldlibertyfi, Trump highlighted that incorporating crypto is crucial to his future vision for America. He pledged that under his administration, the US would not only retain its Bitcoin reserves but also establish a Bitcoin "strategic reserve."
This Tuesday, Trump introduced his fourth series of nonfungible tokens (NFTs), depicting various themes including him dressed as a superhero and iconic Bitcoin symbols. These NFTs are priced at $99 each.
Despite being a private venture by the Trump family and not officially linked to his presidential campaign, as reported by CNBC, these digital endeavors in cryptocurrency and NFTs have marked a significant shift in Trump’s stance towards digital currencies. After dismissing Bitcoin in 2019 and criticizing cryptocurrencies in 2021, he has drastically changed his position in the ongoing campaign.
This pivot has garnered support from prominent figures in the venture capital and tech sectors, including Elon Musk, Marc Andreessen, and Ben Horowitz.
Sanya Singh for TROIB News
On Thursday, Trump announced through a video on X, "This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet.”
In the video, Trump voiced concerns about oppositional forces: “They want to choke you. They want to choke you out of business,” without clarifying who "they" refers to. He assured viewers, “We’re not going to let that happen.”
Accompanying the post was a link to World Liberty Financial, a decentralized finance initiative being promoted by his sons, Donald Trump Jr. and Eric Trump. Donald Trump Jr. has previously stated that this platform could compete with the conventional banking sector. The initiative's Telegram channel is experiencing rapid growth, amassing over 53,000 followers as of last Thursday.
Furthermore, Trump has made history as the first significant presidential contender to accept campaign donations in cryptocurrency. Last month, he headlined a Bitcoin conference, where attending a roundtable discussion with him cost a donation of $844,600.
In a tweet including an image from @worldlibertyfi, Trump highlighted that incorporating crypto is crucial to his future vision for America. He pledged that under his administration, the US would not only retain its Bitcoin reserves but also establish a Bitcoin "strategic reserve."
This Tuesday, Trump introduced his fourth series of nonfungible tokens (NFTs), depicting various themes including him dressed as a superhero and iconic Bitcoin symbols. These NFTs are priced at $99 each.
Despite being a private venture by the Trump family and not officially linked to his presidential campaign, as reported by CNBC, these digital endeavors in cryptocurrency and NFTs have marked a significant shift in Trump’s stance towards digital currencies. After dismissing Bitcoin in 2019 and criticizing cryptocurrencies in 2021, he has drastically changed his position in the ongoing campaign.
This pivot has garnered support from prominent figures in the venture capital and tech sectors, including Elon Musk, Marc Andreessen, and Ben Horowitz.
Sanya Singh for TROIB News
