In an exclusive interview with Bloomberg, Republican presidential candidate Trump included his views on important issues such as economy, military, and diplomacy. Among them, his stance on "cryptocurrency" during this election has attracted even more attention. It not only helped him win The financial aid also boosted the overall currency price market. After he was shot, Bitcoin, which was originally weak, also rushed to 66K, up 14% in seven days.
Table of contents
ToggleTrump’s reversal of stance on cryptocurrencies: From criticism to support
Trump in Transformation: From “Hoax” to “Made in America”
Not long ago, Trump publicly criticized Bitcoin as a "scam" and "a disaster waiting to happen." However, he recently changed his stance, stating that Bitcoin and other cryptocurrencies should be "made in the United States." Trump viewed this as a real need, stressing: "If we don't do it, China will figure it out, and China will have it — or someone else."
The Democratic Party’s Game with Cryptocurrency
In the United States, the relationship between the Democratic government and the cryptocurrency industry is increasingly tense. According to Justin Slaughter, policy director at crypto investment firm Paradigm: “The Biden administration has taken a stance against cryptocurrencies due to the SEC’s actions.” Slaughter also pointed out that about 20% of Democrats own cryptocurrencies, including Most are young and non-white, which is politically unwise.
Trump’s political maneuvering: Capturing cryptocurrency supporters
Trump quickly filled the void and began attracting the attention of cryptocurrency proponents. He announced in a speech in May that he would "stop Joe Biden's crusade to crush cryptocurrencies." The following month, Trump raised a large amount of money from Bitcoin miners at a fundraiser at Mar-a-Lago. His campaign team also moved quickly, announcing that it would "build a crypto army" and began accepting cryptocurrency donations.
The Future of Cryptocurrency: U.S. Strategies and Challenges
Trump’s support for cryptocurrencies could change the United States’ position in the global crypto market. He emphasized that if the United States does not seize the opportunity, other countries (such as China) may take the lead. Therefore, Trump’s policy changes reflect his emphasis on U.S. economic and technological leadership and also demonstrate his flexibility in political operations.
In summary, Trump’s shift from criticizing to supporting cryptocurrencies not only demonstrates his rethinking of economic strategy, but also reveals his operating methods in the political arena. In the future, how the U.S. policy in the field of cryptocurrency will develop is worthy of continued attention.
