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Donald Trump Wants to Crush China in Crypto!

Donald Trump Wants to Crush China in Crypto!


09.45 am ▪
3
min. read ▪ by
Eddy S.

Former US President Donald Trump recently reiterated his strong support for the crypto industry, emphasizing its strategic importance to the United States. In an interview, Trump claimed that crypto could bring significant benefits to the nation! While warning of the risk that other countries, particularly China, could gain an advantage in this area.

Crypto Donald Trump Etats-Unis Chine

Crypto: Donald Trump wants to strengthen the position of the United States!

Trump stated: “If I let it go, another country, probably China – they’re pretty advanced in this area, would pick it up. So you have to look at it – what I want is what’s good for the country.” This statement reflects a notable shift in Trump’s position, who was once skeptical of crypto. Today, he sees it as an opportunity for the United States to maintain its technological and economic leadership.

Recall that Trump began accepting crypto donations for his campaign in May 2024, raising around $3 million in bitcoin and ether. This initiative is intended to attract pro-crypto voters and strengthen his support base for the 2024 elections. Trump also announced that pro-Bitcoin Senator J.D. Vance (R-Ohio) would be his running mate, a decision that was well-received by major players in the crypto industry.

For less strict regulations?

In his interview, Trump stressed the importance of favorable crypto regulation to encourage innovation and protect investors. He criticized the strict regulations proposed by the current administration, saying they could hinder the development of the industry in the United States. “We need to take a balanced approach that protects consumers while allowing innovation to flourish,” he said.

Trump’s support for the crypto industry is part of a broader strategy to strengthen the United States’ position in the global marketplace. By accepting cryptocurrency donations and choosing a pro-Bitcoin running mate, Trump is attempting to mobilize pro-crypto voters and ensure that the United States remains at the forefront of this emerging technology. His vision is clear: not to let other countries, particularly China, gain an advantage in this crucial area.

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Eddy S. avatarEddy S. avatar

Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field I am passionate about, there is nothing better than writing informative and relaxing articles.

INDEMNIFICATION

The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Please conduct your own research before making any investment decisions.