Donald Trump wants to crush China in the crypto field!
Former U.S. President Donald Trump has recently reiterated his strong support for the crypto industry, emphasizing its strategic importance for the United States. In an interview, Trump asserted that crypto could bring significant benefits to the nation! While warning against the risk of allowing other countries, particularly China, to gain an advantage in this field.
Crypto: Donald Trump wants to strengthen the United States’ position!
Trump stated: “If I let it go, another country, most likely China – they are quite advanced in this field, would pick it up. So you have to look at it – what I want again is what’s good for the country.” This statement reflects a notable shift in Trump’s position, who was once skeptical of cryptos. Today, he sees in them an opportunity for the United States to maintain their technological and economic leadership.
Recall that in May 2024, Trump started accepting crypto donations for his campaign, raising approximately 3 million dollars in bitcoin and ether. This initiative aims to attract pro-crypto voters and strengthen his support base for the 2024 elections. Trump also announced that pro-Bitcoin Senator J.D. Vance (R-Ohio) would be his running mate, a decision well received by major players in the crypto industry.
For a less stringent regulation?
In his interview, Trump emphasized the importance of a favorable crypto regulation, to encourage innovation and protect investors. He criticized the strict regulations proposed by the current administration, stating that they could hinder the development of the industry in the United States. “We need to adopt a balanced approach that protects consumers while allowing innovation to thrive,” he stated.
Trump’s support for the crypto industry is part of a broader strategy to strengthen the United States’ position in the global market. By accepting cryptocurrency donations and choosing a pro-Bitcoin running mate, Trump seeks to mobilize pro-crypto voters and ensure that the United States remains at the forefront of this emerging technology. His vision is clear: not to let other countries, particularly China, gain an advantage in this crucial area.
