Former President Donald Trump, a 2024 Republican presidential candidate, has emphasized a strong crypto agenda as part of his political platform. Trump aims to reverse the Democrats' crypto regulations, oppose central bank digital currency (CBDC) creation, and advocate for Bitcoin mining in the U.S. He claims that if elected, he would make Bitcoin mining prominent in the country, as well as potentially establish a U.S. Bitcoin reserve to manage national debt. Trump also pledges to replace SEC Chair Gary Gensler with someone more favorable to the crypto industry, asserting that clear regulations are essential for growth. Moreover, he aims to significantly amend the legal framework surrounding cryptocurrency, promising to defend self-custody rights and eliminate operational restrictions on crypto transactions. Trump's proposals face challenges, including existing legal constraints on government-held Bitcoin and the decentralized nature of mining. While his ideas could resonate with voters, experts are skeptical about practical implementation.

Source 🔗