[ad_1]
However, for Trump, Bitcoin and stablecoins are not a threat to the dollar. “As part of our efforts to provide regulatory clarity, we will create a framework to enable the safe and responsible expansion of stablecoins. This will allow us to extend the dollar’s dominance to new areas around the world. America will be richer, the world will be a better place, and billions of people will enter the cryptocurrency economy, keeping their savings in Bitcoin. Those who say Bitcoin is a threat to the dollar do not fully understand the situation. In fact, it is the actions of the US government that threaten the dollar. Bitcoin does not threaten the dollar; the danger to our financial future comes from Washington, DC, overspending, rampant inflation, and open borders. Printing hundreds of billions of dollars to finance endless wars abroad while our cities resemble war zones at home is the real threat. Bitcoin and stablecoins are not a threat to the dollar, but rather, if managed properly, can enhance America’s financial position.”
He then criticized the current SEC Chairman Gary Gensler, who is not very popular with cryptocurrency investors considering the multiple restrictions on the expansion of cryptocurrencies in recent years. “On the day I am sworn in, SEC Chairman Gary Gensler will be fired and I will appoint a new president who believes that America should build the future, not stop it, as they are doing now. Gary Gensler was the finance manager for Hillary Clinton’s campaign against Donald Trump. He is not popular within the cryptocurrency industry, and Kamala Harris wants him to be the Secretary of the Treasury, which is not a good thing. It has been plaguing the cryptocurrency industry, but under my leadership, they will stop attacking you. My administration will provide clear regulation and support to ensure that the United States remains a world leader in crypto technology.”
Trump also raised the possibility that asset prices will continue to rise. “If cryptocurrencies are going to define the future, I want them to be mined, minted, and produced in the United States. If Bitcoin goes to the moon, as we say, I want America to be the country that leads the way, and that’s what will happen. You’ll have fun with me, and you’ll say I’m the greatest. That’s why I’m proud to be the first major party candidate in American history to accept donations in Bitcoin and cryptocurrency. Since the announcement on May 21, we’ve raised $25 million, mostly in Bitcoin and cryptocurrency, and I’m very grateful for this support.”
Currently, polls between Donald Trump and Kamala Harris show a very close race. The national poll average shows Trump leading Harris by about 2.1 percentage points, with Trump at 48% and Harris at 45.9%. If Trump wins, he has made a serious promise to the crypto industry. It is impossible for the market to distinguish what it will actually do and what is just one of the many promises made on the campaign trail. However, judging by the impact on prices – back close to $70,000, about 6% from all-time highs – the market seems willing (for now) to believe the wave of enthusiasm started by Trump.
The Democrats’ changing strategies are also being closely watched by investors. So far, incumbent President Joe Biden has been quite skeptical of the industry. But the new candidate, in response to the rise of Trump and perhaps aware of the important role that cryptocurrency voters could play, intends to change strategy. According to the Financial Times, members of Harris’ team contacted people close to cryptocurrency companies. These include major exchange company Coinbase, stablecoin company Circle and blockchain payment group Ripple Labs. The idea is to re-establish relationships in order to be able to obtain election funds for an industry that has experienced ups and downs and is constantly evolving.
[ad_2]
Source link
