With Donald Trump elected President of the United States, all eyes are on his promises regarding the cryptocurrency industry.
Donald Trump , recently re-elected President of the United States, is gaining attention for the cryptocurrency pledges he made before his election.
One of Donald Trump 's notable pledges is to make the US the cryptocurrency capital of the world if he is re-elected.
Additionally, he also pledged to fire SEC Chairman Gary Gensler , who he said was making things difficult for the cryptocurrency market.
Notably, Trump gave a speech at the Bitcoin Conference , promising to create a strategic Bitcoin reserve in the US and pledging not to sell the Bitcoin (BTC) that was seized in related cases.
Trump also plans to halt the implementation of central bank digital currency ( CBDC ) projects in the US, arguing that they violate privacy.
He also promised to develop a comprehensive cryptocurrency policy, changing the hostile attitude that the US government has shown towards the cryptocurrency industry.
Donald Trump suggests that the US could use cryptocurrencies to help tackle its growing national debt, which has now reached trillions of dollars.
Finally, Trump pledged to commute the sentence and release Ross Ulbricht , the founder of Silk Road , a black market that used Bitcoin.