Trump indicated last Saturday at an event on cryptocurrencies held in Nashville (Tennessee) that, if he ran for a second term, he would work to make the country the "crypto capital of the planet and a bitcoin superpower."
The price of bitcoin is close to US$70,000 this Monday after being boosted by the statements of the former president and Republican candidate for the White House, Donald Trump, who stated this weekend that, if he wins the November elections, he will convert the United States in “superpower” of said currency.
Consequently, the value of bitcoin in the markets has soared by nearly 3% today, to US$69,931.8. At around 3:15 p.m. Spanish peninsular time, it was trading at around US$69,906.6. Other crypto assets have also seen their value rise.
Trump indicated last Saturday at an event on cryptocurrencies held in Nashville (Tennessee) that, if he ran for a second term, he would work to make the country the "crypto capital of the planet and a bitcoin superpower."
To this end, he also announced that he would order the powers of the State not to sell the crypto assets seized under the protection of judicial actions against crime, but would instead choose to transfer them to what he called the “strategic bitcoin fund.”
This, because according to Trump, the federal government has almost 210,000 bitcoins, or 1% of the total supply that will ever exist, thanks to actions such as law enforcement, confiscated from cybercriminals and dark web markets.
“It will be the rule of my Administration to keep 100% of all the bitcoins that the US Government currently owns or acquires in the future… as the core of the national strategic reserve of bitcoin,” he explained in statements collected by the specialized site Wired .
And Trump is the first major party presidential candidate to make Bitcoin and cryptocurrencies a campaign issue.
"For too long, our government has violated the cardinal rule that every bitcoiner knows by heart: never sell your bitcoins."
At the beginning of his speech, Trump also mentioned another topic that drew applause at the annual meeting of bitcoiners: getting rid of SEC Chairman Gary Gensler.
"On the first day I will fire Gary Gensler," said the former president and candidate, referring to the highest regulatory authority since 2021 and who, according to the media outlet Axios , is widely seen as hostile to the cryptocurrency industry, largely due to its history of regulation by enforcement and resistance to the creation of specific rules for digital assets.
"America's laws are too confusing, too harsh, too angry and too rigid," Trump told the crowd on Saturday.
The lack of clarity in regulation, the industry argues, has stifled innovation and growth in the sector.
