Donald Trump, who was elected President with a significant margin in the US Presidential Elections that concluded today, has begun to be discussed for his cryptocurrency promises before his election.
Trump became the first person in US history to be elected President for a second non-consecutive term.
Donald Trump’s first promise is a truly ambitious one. Trump said that if elected, he aims to make the US the cryptocurrency capital of the world.
In addition, firing SEC Chairman Gary Gensler, who has caused a nightmare for the cryptocurrency market, is among the cryptocurrency promises of the new US President.
Interestingly, Trump gave a historic speech at the Bitcoin Conference he attended and promised to create a strategic Bitcoin reserve in the US. In addition, he assured that he would not sell the BTCs in the US that were seized in various incidents.
Trump will also halt ongoing central bank digital currency (CBDC) projects in the US, claiming they would constitute a privacy violation.
Trump also promised to develop a comprehensive cryptocurrency policy during his speech with cryptocurrency market sector representatives. In addition, he will end the hostile attitude shown by the US administration towards the cryptocurrency sector.
Donald Trump said that the United States could take steps to solve its growing debt, which has reached trillions of dollars, with cryptocurrencies.
Finally, Trump wants Ross Ulbricht, the founder of Silk Road, a former illegal marketplace that uses Bitcoin, to have his sentence reduced and his freedom granted.
*This is not investment advice.