On the afternoon of November 6, 2024, Donald Trump officially won re-election as President of the United States for the second term in the 2024-2028 term, and the crypto market surged with Bitcoin reaching a new all-time high of $75,000.
Previously, President Trump had taken many supportive actions towards Crypto, especially the 11 promises he made during his Bitcoin speech some time ago.
Here are 11 commitments of President Donald Trump related to Bitcoin and cryptocurrencies:
- Dismiss SEC Chairman Gary Gensler on the first day.
- Establish a "National Bitcoin Reserve".
- Turn the United States into the "capital of Bitcoin and cryptocurrencies in the world".
- Retain 100% of the 203,650 BTC ($ 14.95 billion) currently held by the US government.
- Abolish capital gains tax on Bitcoin.
- Support Bitcoin mining operations in the United States.
- End regulatory crackdowns (end the "crypto crusade").
- Establish a "presidential advisory council on Bitcoin and cryptocurrencies".
- Protect the right of individuals to self-manage their digital assets.
- Do not issue a central bank digital currency (CBDC).
- Reduce the sentence for Ross Ulbricht, founder of Silk Road, who is currently serving a double life sentence.
As Allinstation has reported, on the afternoon of November 6 (Vietnam time), the results of the 2024 US presidential election were officially decided with the victory of Republican candidate Donald Trump. Trump has now secured at least 270 electoral votes - the minimum threshold for election, thus surpassing his opponent Kamala Harris of the Democratic Party and becoming the 47th President of the United States.
Trump's decisive victory came from the state of Pennsylvania, where he won all 19 electoral votes. This has brought him back to the White House for a second term, after previously holding this position from 2016 to 2020.
