Introduction
Trump continues to call for praising emerging sectors rather than attacking them, including the crypto sector.
This topic occupies almost a fair number of his speeches as he strives to win the 2024 US presidential election. Regarding the country’s economic trends, Donald Trump mentions digital currencies. For example, during his speech to the New York Economic Club a few days ago, the former president referred to the issue of digital currencies, and reiterated his intention to make the United States “the capital of Bitcoin and the crypto sector in the world” if he is re-elected.
Former President Donald Trump pledged that his administration would repeal at least 10 old laws in exchange for issuing each new law, saying: “We will be able to do that easily,” adding that this would free the American economy from crippling laws.
He also said that he would support promising future sectors rather than attack them, including making the United States the capital of Bitcoin and digital assets.
The former president mentioned the cryptocurrency and digital assets during an economic forum only days after the Trump family hinted about their intention to announce a new decentralized finance system project, World Liberty Financial, designed to run on the Aave protocol, on the popular Ethereum-based lending platform.
Trump’s hour-long speech also included plans to reduce current regulatory restrictions, reduce inflation, and increase domestic energy production.
In addition, Trump intends to restore America to its position as “the world’s manufacturing superpower,” aiming to make his policies encouraging American trade activities to flourish, and he will use the tariff factor to encourage domestic manufacturing and generate trillions of dollars in national income.
Trump also made a series of promises that included reducing taxes, energy fees, interest rates, and crime rates, in addition to imposing secure geographic borders and raising the average income of the American citizen. In addition, Trump also noted the importance of Elon Musk’s proposal to form a government committee specialized in reviewing the spending of the federal government.
From here we can conclude that regardless of Trump's way of managing his country's affairs, it is clear that Trump's adoption of digital currencies is a recognition of their power, unlike other leaders who try to put their heads in the sand and ignore these currencies.
The power of digital currencies is still growing and occupies many financial transactions, and instead of fighting them, it is better to adopt them and start dealing with them.
Conclusion
Finally, Trump briefly mentioned that despite the “controversial” nature of AI technologies, he said, “we should be at the forefront of supporting them,” adding, “I’ve taken care of our economy like I take care of my own company, and I’ve always put America first, every time.”
Regardless of Trump’s popularity, the matter that he is raising affects all segments of American society and also all individuals and businesses globally, so this point in particular must be highlighted for the good of everyone who is trying to make his life easier and seeking to achieve financial freedom.
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