President Donald J. Trump recently made a bold declaration to establish the United States as a dominant force in the world of Bitcoin. In his statement, he expressed his commitment to ensuring that the US remains ahead of competitors such as China in the realm of cryptocurrency.
One of the key points that Trump highlighted was his intention to hold onto the significant amount of Bitcoin that the US government currently possesses. This decision, according to Trump, is crucial in maintaining the country’s position as a Bitcoin “superpower.” He firmly stated, “Too long the US government has violated the cardinal rule of Bitcoin — never sell.”
In addition to outlining his plans for Bitcoin, Trump also made it clear that he would take immediate action upon taking office by removing SEC chair Gary Gensler on his first day as President. He criticized the Biden-Harris administration for their stance on cryptocurrency, calling it un-American and vowing to put an end to their anti-crypto efforts.
Furthermore, Trump expressed his desire to appoint a new head for the SEC who is supportive of innovation and progress in the crypto industry. He even went as far as to suggest that Vice President Kamala Harris might have plans to appoint Gensler as the Treasury Secretary if elected, a move that Trump strongly opposes.
In his speech, Trump highlighted the importance of crypto in geopolitics and emphasized the need for the US to lead in its adoption. He warned that failing to embrace crypto and Bitcoin could result in other countries taking the lead in this rapidly evolving industry.
On a positive note, Trump praised Bitcoin as an asset class and recognized its growing significance in the global financial landscape. He predicted that Bitcoin could potentially surpass gold in terms of value, showcasing its remarkable growth and influence in a relatively short period.
As the speech is ongoing, further updates and announcements from Trump are expected. It is clear that he is determined to position the United States at the forefront of the crypto revolution and ensure that the country remains a dominant player in this evolving digital economy. Stay tuned for more developments on this story as it unfolds.