Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Trump’s Crypto Comeback: Will He Make Bitcoin America’s New Gold?

inews24 Views  

Republican presidential candidate Donald Trump announced his intention to fire Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC).

He aims to shift Gensler’s anti-cryptocurrency stance to a pro-cryptocurrency policy. Additionally, Trump proposed designating Bitcoin as a strategic asset for the U.S. and outlined his vision to make the country a Bitcoin superpower.

On the 27th, at the Bitcoin 2024 Conference in Nashville, Tennessee, Trump stated, “If I am elected, it will be the policy of my administration for the United States of America to keep 100% of all the Bitcoin the U.S. government currently holds or acquires.”

CoinDesk

Trump also revealed an ambitious plan for cryptocurrency mining. Furthermore, he declared that all of those bitcoins would be a strategic national reserve. He expressed his vision to make America a “crypto capital of the planet and the Bitcoin superpower of the world.”

Trump criticized the current Biden administration’s regulatory policies on cryptocurrencies, calling it an “anti-crypto” government.

The decision to fire SEC chair Gary Gensler aligns with this criticism. The SEC has been doubtful of approving Bitcoin and Ethereum ETFs and has engaged in litigation with the cryptocurrency industry. Gensler, who became SEC chair in 2021, expressed his intent to confront the “decentralization show” and has since initiated numerous lawsuits against companies such as Coinbase and Binance.

inews24
content@viewusglobal.com

Comments2

300

Comments2

  • Mike

    Crypto is worth what someone is willing to pay for it, the ultimate pyramid scheme. It's propped up by nefarious industries like drug dealers or arms dealers as a way to easily move assets. Bitcoin is extraordinarily power intensive to mine creating a massive carbon footprint.

  • Mike

    Crypto is worth what someone is willing to pay for it, the ultimate pyramid scheme. It's propped up by nefarious industries like drug dealers or arms dealers as a way to easily move assets. Bitcoin is extraordinarily power intensive to mine creating a massive carbon footprint. Say NO to bitcoin.

[WORLD] Latest Stories

  • Israeli Man, 71, Dies in Hezbollah Ambush After Crossing into Lebanon in Military Uniform
  • U.S. Embassy Closes, Orders Evacuation Over Airstrike Intelligence
  • UN Resolution Targets North Korea’s ‘Evil’ Laws and Nuclear Ambitions—A Wake-up Call to the Regime
  • UK’s Storm Shadow Missiles Join the Battle in Russia as North Korean Forces Enter the Conflict
  • UN Votes for 20th Straight Year to Condemn North Korean Human Rights Violations
  • California Pushes for 90% CO2 Emissions Cut by 2045 with Stronger Low Carbon Fuel Standards

Weekly Best Articles

  • North Korean Soldiers Accused of Gang-Raping Russian Student During Training
  • North Korea’s Hidden Nuclear Plans Revealed – And They’re More Dangerous Than We Thought
  • North Korean Leader’s Nuclear Threats Intensify as Troops Engage in Russia-Ukraine Conflict
  • Ukraine Just Got Its Deadliest Weapon—Is This the Most Dangerous Move Yet?
  • NIS Hints at Kim Jong Un’s Visit to Russia—Could Major Weapons Transfers Be Next?
  • U.S. Faces $3.4 Billion Economic Loss as China Tightens Control Over Essential Tech Minerals
  • Putin Sends 70+ Animals to North Korea’s Zoo—Including Female Lions
  • Walmart’s Sales Soar to $169.59 Billion – What’s Driving Their Record Growth?
  • Ford Announces 4,000 Job Cuts in Europe Amid Struggles with Electric Vehicle Transition
  • Historic Agreement Signed in Pyongyang to Boost Trade and Science with Russia
  • New Crypto Mining Ban Hits Russia: Full Restrictions for Key Areas Due to Power Shortages
  • Huawei’s Struggle to Keep Up: U.S. Sanctions Threaten China’s Semiconductor Ambitions

You May Also Like

  • 1
    Lockheed Martin’s ATACMS Missile Shakes Up Ukraine-Russia War with First Strike on Russian Soil

    DEBATE 

  • 2
    Shocking Truth: 100 Deaths a Year in New Delhi Due to Unbearable Air Pollution

    LIFESTYLE 

  • 3
    China's Education System Faces Extreme Gender Imbalance: More Boys in Kindergarten, More Girls in College

    ASIA 

  • 4
    China's Safety Reputation Shattered After Deadly SUV Attack on Schoolgoers

    ASIA 

  • 5
    Bitcoin at $93K and Climbing: Is the $100K Mark Just Around the Corner?

    BUSINESS 

Popular Now

  • 1
    Kim Jong Un Pushes for Expansion of Industrial Achievements as He Inspects Songchon Factory

    ASIA 

  • 2
    7 Kenyan Marathon Runners Scammed Into Illegal Fish Farm Jobs in South Korea—How Did This Happen?

    DEBATE 

  • 3
    Pennsylvania School in Scandal Over Student-Created Deepfake Sexual Content

    DEBATE 

  • 4
    North Korea’s 16th Autumn Trade Fair Opens, Showcasing Global Innovations

    ASIA 

  • 5
    Trump Joins Musk for SpaceX Starship Test Launch in Texas

    LATEST 

Weekly Best Articles

  • North Korean Soldiers Accused of Gang-Raping Russian Student During Training
  • North Korea’s Hidden Nuclear Plans Revealed – And They’re More Dangerous Than We Thought
  • North Korean Leader’s Nuclear Threats Intensify as Troops Engage in Russia-Ukraine Conflict
  • Ukraine Just Got Its Deadliest Weapon—Is This the Most Dangerous Move Yet?
  • NIS Hints at Kim Jong Un’s Visit to Russia—Could Major Weapons Transfers Be Next?
  • U.S. Faces $3.4 Billion Economic Loss as China Tightens Control Over Essential Tech Minerals
  • Putin Sends 70+ Animals to North Korea’s Zoo—Including Female Lions
  • Walmart’s Sales Soar to $169.59 Billion – What’s Driving Their Record Growth?
  • Ford Announces 4,000 Job Cuts in Europe Amid Struggles with Electric Vehicle Transition
  • Historic Agreement Signed in Pyongyang to Boost Trade and Science with Russia
  • New Crypto Mining Ban Hits Russia: Full Restrictions for Key Areas Due to Power Shortages
  • Huawei’s Struggle to Keep Up: U.S. Sanctions Threaten China’s Semiconductor Ambitions

Must-Reads

  • 1
    Lockheed Martin’s ATACMS Missile Shakes Up Ukraine-Russia War with First Strike on Russian Soil

    DEBATE 

  • 2
    Shocking Truth: 100 Deaths a Year in New Delhi Due to Unbearable Air Pollution

    LIFESTYLE 

  • 3
    China's Education System Faces Extreme Gender Imbalance: More Boys in Kindergarten, More Girls in College

    ASIA 

  • 4
    China's Safety Reputation Shattered After Deadly SUV Attack on Schoolgoers

    ASIA 

  • 5
    Bitcoin at $93K and Climbing: Is the $100K Mark Just Around the Corner?

    BUSINESS 

Popular Now

  • 1
    Kim Jong Un Pushes for Expansion of Industrial Achievements as He Inspects Songchon Factory

    ASIA 

  • 2
    7 Kenyan Marathon Runners Scammed Into Illegal Fish Farm Jobs in South Korea—How Did This Happen?

    DEBATE 

  • 3
    Pennsylvania School in Scandal Over Student-Created Deepfake Sexual Content

    DEBATE 

  • 4
    North Korea’s 16th Autumn Trade Fair Opens, Showcasing Global Innovations

    ASIA 

  • 5
    Trump Joins Musk for SpaceX Starship Test Launch in Texas

    LATEST 

Share it on...