Claim $500Donald Trump Vows To Never Allow CBDC, Reduce Life Sentence of Silk Road Founder
Highlights
- Donald Trump vowed to support the right of self-custody of crypto users.
- He also said that he would never allow CBDC which would conflict with the core ethos of Bitcoin and crypto.
- Unlike the Biden administration, Donald Trump vows to make America the leader in the crypto space.
Republican Presidential candidate Donald Trump doubled down on his crypto protection policy stating that he would ensure a healthy crypto ecosystem to foster in the United States. During his speech in Washington D.C. on Saturday, May 25, Trump said that he would take every measure to ensure the future of crypto is safe. This development comes within a week of the former US President announcing the acceptance of crypto donations.
Donald Trump Vows to Protect Crypto Ecosystem
During his speech on Saturday, Donald Trump pledged to ensure that Bitcoin and other cryptocurrencies remain integral to the U.S. financial landscape. He emphasized his support for the right to self-custody, stating, “I will support the right to self-custody.”
Trump also took a firm stance against Senator Elizabeth Warren and her regulatory efforts, declaring, “I will keep Elizabeth Warren and her goons away from your Bitcoin.” Furthermore, he assured his supporters that he would never allow the creation of a central bank digital currency.
While the Federal Reserve has been toying with the idea of the Digital Dollar, it hasn’t made much progress in this regard so far. Many crypto market enthusiasts have rejected the idea of a CBDC since it functions against Bitcoin’s decentralized nature. It seems that Presidential candidate Trump is hitting the right note to sway crypto enthusiasts.
Dropping Life Imprisonment for Silk Road Founder
Former President Donald Trump announced that he would commute the life sentence of Silk Road founder Ross Ulbricht to time served if he is re-elected. In a recent statement, Trump expressed his positive outlook and support for the cryptocurrency industry, stating, “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field. There is no second place.”
Trump criticized President Joe Biden’s approach to the cryptocurrency sector, claiming, “President Joe Biden wants [the cryptocurrency industry] to die a slow and painful death. That will never happen with me!” This declaration underscores Trump’s commitment to fostering growth and innovation in the U.S. cryptocurrency market.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor’s “Green Dots” Message Hints At Fresh Bitcoin Buying As BTC Faces $90K Wall
- Fed’s Hammack Signals No Rush to Cut Rates as January Hold Odds Near 80%
- XRP ETFs Reach $1.21B as Asset Managers See a ‘Third Path’ Beyond Bitcoin
- Nearly $50M in USDT Stolen After Address Poisoning Scam Targets Crypto Trader Wallet
- Breaking: Rep. Max Miller Unveils Crypto Tax Bill, Includes De Minimis Rules for Stablecoins
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
