Trump has criticized previous regulatory approaches to digital assets and has promised to lead the US to crypto domination.
Summary
• President Trump has ended Joe Biden’s anti-Bitcoin and anti-digital asset stance, pledging to lead the US to crypto domination.
• Trump issued executive orders to keep the US at the forefront of AI and cryptocurrency innovation.
• Trump criticized the SEC’s strategy in crypto regulation, claiming that his influence led to the drop of politically motivated cryptocurrency-related prosecutions.
• Trump emphasized that his behavior and decisions are governed by a sense of right and wrong, not political considerations.
• Trump claimed that the increase in Bitcoin’s price was due to favorable mood and investment prompted by his backing of the crypto business.
• Trump’s determination to make America a crypto capital has led to Bitcoin setting numerous all-time highs.
Now that Joe Biden has supposedly ceased his assault on Bitcoin, Donald Trump has pledged to turn the United States into a crypto capital.
The United States will continue to lead the world in artificial intelligence and cryptocurrency innovation, according to Trump’s executive orders.
On Wednesday, President Donald Trump declared that his executive orders are designed to preserve the United States’ leadership in artificial intelligence (AI) and cryptocurrency, effectively ending the Biden administration’s animosity toward Bitcoin and other digital assets.
“I have ended Joe Biden’s campaign against Bitcoin and cryptocurrency via executive orders and ensured that the United States will remain a leader in artificial intelligence. We put a complete stop to the conflict. While addressing the FII PRIORITY Summit in Miami Beach,” Trump declared the conflict to be finished.
When it came to crypto regulation, Trump was critical of the SEC‘s strategy. Before the elections, he claimed that his influence had gotten numerous cryptocurrency-related prosecutions dropped because they were politically motivated.
A significant number of individuals are facing indictments that lack any rationale. Trump criticized the organization, saying that all they did was indict individuals.
Because they were made too late to have any impact, “many of those indictments were dismissed right before the election,” Trump pointed out.
“It was our vote in its entirety. There are a lot of individuals that believe that, and I think they’re all clever. The intelligent people voted for Trump, and now they’re bringing these indictments against him,” he said.
Trump has stated that he is not motivated by politics but by a strong sense of right and wrong when making choices and taking action.
“I always do what’s right, regardless of the political climate. I aspire to be at the vanguard of any industry,” he stated.
The president also stated that the increase in Bitcoin’s price was due to the favorable mood and investment prompted by his backing of the crypto business.
“Everyone knows that I’m determined to make America a crypto capital,” Trump continued, which led to Bitcoin setting many all-time highs. “Our objective is to consistently stay at the forefront of innovation.”
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Taiwan’s President, Lai Ching-te, has announced plans to strengthen ties with the US by increasing investments and defense spending in response to US President Donald Trump’s criticism of Taiwan’s semiconductor sector. The move is aimed at preserving Taiwan’s semiconductor industry’s dominance while addressing international security concerns. Taiwan Semiconductor Manufacturing Company (TSMC), a major player in the semiconductor sector, is investing $65 billion in new plants in the US, highlighting the country’s close economic relationship. However, Taiwan faces domestic political issues, particularly in defense spending…[Read More]
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