The US presidential election ended on the 6th, not as stagnant as the market had expected. Former President Trump (Donald Trump) ultimately won 295 electoral votes and will regain the White House. He also delivered a victory speech yesterday afternoon.
Unlike previous elections, Trump's victory will undoubtedly boost the confidence of the crypto community, as in his many public speeches this year, Trump has promised to bring a variety of favorable policies for cryptocurrencies after taking office, including dismissing the chairman of the US Securities and Exchange Commission (SEC) Gary Gensler, and proposing that the US include Bitcoins in the national reserve, which BlockTempo has summarized as follows.
。Not to issue CBDC
In January this year, Trump emphasized in a campaign speech in Portsmouth, New Hampshire that if he becomes the US President, he will ban the creation of Central Bank Digital Currency (CBDC) to prevent the American people from being persecuted by the government:
CBDC is a dangerous threat to freedom, and I will ban it from entering the US.
Such a currency will give the federal government, our federal government, absolute control over your money... They can take your money, and you won't even know it's gone.
Trump also stressed that he will implement strict protective measures to ensure that citizens' bank accounts will not be unfairly treated by banks or regulators due to their political positions, and under his leadership, the security of citizens' property will be fully protected.
。Pardon the founder of the Dark Web Silk Road
In May this year, Trump promised that if he ultimately wins, he will commute the life sentence of the founder of the Dark Web Silk Road, Ross Ulbricht, to the time he has already served:
If you vote for me, on my first day in office, I will commute Ross Ulbricht's sentence to time served. He has already served 11 years, and we need to let him go home.
。Trump boasts that he hopes the remaining Bitcoins will be mined in the US
In June this year, Trump posted on the social media platform Truth Social, stating that he hopes all the unminedBitcoins will ultimately be mined in the US, and promised that after being elected, he will support the cryptocurrency mining industry at the Washington and global levels:
Vote for Trump! Bit mining may be our last line of defense against Central Bank Digital Currency (CBDC).
Biden's hatred of Bit only helps China, Russia and the radical communist left. We hope all the remaining Bitcoins can be made in the USA!!! This will help us become the energy leader!!!
。Will not sell the US's Bitcoins, and will hold Bitcoins as strategic reserve assets
In July this year, Trump attended the Bitcoin2024 conference and delivered a speech, in which he stated during his 60-minute speech:
If elected President of the United States, I will absolutely not sell the Bitcoins owned by the US government, and I will hold Bitcoins as strategic reserve assets.
Trump to Fire SEC Chairman Gary Gensler
Also in July, Trump stated that in order to allow the Bitcoin and cryptocurrency industry to thrive, he will fire the long-time suppressor of cryptocurrencies, the US SEC Chairman Gary Gensler, on the first day of his presidency:
On the first day of my presidency, I will fire Gary Gensler!
Trump Recognizes Bitcoin's Value, Suggests Using BTC to Pay Off $35 Trillion US Debt
In August this year, Trump, in an interview with Fox, greatly praised the role and value of Bitcoin, and believed that Bitcoin would play a huge role in solving the US debt problem:
Who knows, maybe we'll use cryptocurrency to pay off our $35 trillion in debt, give them a cryptocurrency check, right? We'll give them some Bitcoin, and then wipe out our $35 trillion in debt.
Although Trump's remarks seem to be using the US-held Bitcoin to pay off the debt, from the wording, it can be seen that he suggests "paying off the debt with Bitcoin" rather than "selling Bitcoin to pay off the debt", which means that Trump recognizes the value of Bitcoin.
Trump to Establish Government Efficiency Commission, Invites Musk to Lead
In September, Trump announced in a speech at the New York Economic Club that if elected, he will establish a government efficiency commission, and said that Musk has agreed to lead the commission:
Based on Musk's recommendations, he has given me his full support... I will establish a Government Efficiency Commission to conduct a comprehensive financial and performance audit of the entire federal government and make recommendations for thorough reform.
As a top priority, the Commission will develop an action plan to eliminate fraud and improper payments within 6 months, which will save trillions of dollars.
We know that Musk, as the world's richest man, has an open attitude towards cryptocurrencies, not only does his electric car company Tesla hold Bitcoin, but he has also been promoting the meme coin Doge (Dogecoin) for a long time. As a powerful assistant to Trump's victory, it also makes the market believe that the cryptocurrency industry will usher in a milestone policy reform in the future.
