The U.S. presidential election is approaching, and both the Democratic and Republican parties have recently expressed their intention to bet on cryptocurrency voters. When Trump spoke at the Libertarian Party National Convention in Washington, D.C., on Saturday night, he showed his firm support for the cryptocurrency market and criticized the Biden administration's past attitude towards the cryptocurrency industry. Trump said:
Stop Biden's Crackdown on Cryptocurrency and We Will Stop It I will ensure that the future of cryptocurrencies and Bitcoin is in the United States, not deported overseas. I will support the right to self-host.
In addition, Trump emphasized that if elected as president, he would protect the rights of the 50 million cryptocurrency holders in the United States and ensure that Elizabeth Ann Warren and her supporters will not have access to their Bitcoins, and that he will never allow the creation of a central bank Bank digital currency.
Pardon for Silk Road founder Ross Ulbricht
Another statement that attracted the attention of the cryptocurrency market was Trump's promise to commute Silk Road founder Ross Ulbricht's life sentence to time served if he wins the 2024 US presidential election. He said:
If you vote for me, on my first day in office, I will commute Ross Ulbricht's sentence to time served. He has served 11 years and we are going to get him home.
It is understood that Ross Ulbricht founded "Silk Road" in 2011. The platform was filled with illegal products such as drugs, child pornography, and killers. In just two years, it earned him a fortune of US$1.2 billion. Ross Ulbricht was eventually arrested in October 2013, sentenced to life in prison without parole in 2015, and ordered to pay $183 million in restitution.
This sentence caused widespread controversy in society at the time, and Ross Ulbricht became a "martyr" in the eyes of many cryptocurrency enthusiasts and libertarians. They believed that Ross Ulbricht's harsh sentence was an excessive expansion of the government's power and an infringement of its constitutional rights. Violate.
In 2018, many supporters argued that Ross Ulbricht's sentence was too harsh and that he was not directly involved in drug dealing and violent crime. Ross Ulbricht's family and supporters have also been campaigning for a commutation and pardon, arguing that he should be allowed to return to society.
Trump: Biden wants the encryption industry to die slowly!
Trump has significantly shifted his stance on cryptocurrencies in recent months, making numerous public statements in support of cryptocurrencies and becoming the first major party presidential candidate to accept cryptocurrency donations. These measures show his importance and support for the cryptocurrency industry, hoping to gain the support of more cryptocurrency enthusiasts in the election campaign. A few hours before making his public commitment, Trump also publicly expressed his support on social media Truth Social Cryptocurrency industry. he wrote
I have a very positive and open attitude towards cryptocurrency companies and this emerging industry. Our country must be a leader in this area, there is no second place.
He (Biden) wants the cryptocurrency industry to slowly die, but that will never happen on my watch!
