With the US presidential election approaching, crypto industry insiders are keeping a close eye on how the candidates for office, Joe Biden and Donald Trump, could impact the price of Bitcoin, as well as the broader market. In a recent white paper, Trump’s stance on cryptocurrencies was highlighted in response to Biden’s crackdown on the industry.

In a major move, Trump’s Republican Party adopted a draft platform on July 8 to support digital asset innovation. The newly approved platform is intended to highlight the priorities of the party and its affiliated politicians regarding the growing interest in digital assets among American voters amid the upcoming November election.

The document criticized the US government’s current stance on the cryptocurrency industry, highlighting an “illegal and anti-American crackdown on cryptocurrencies.”

“Republicans will end the Democrats’ illegal and un-American crackdown on cryptocurrencies and oppose the creation of a central bank digital currency,” the document reads in part.

In addition, the document also highlighted the defense of the right to mine Bitcoin. “We will defend the right to mine Bitcoin and ensure that every American has the right to self-custody their Digital Assets and to conduct transactions free from Government Surveillance and Control.”

Last month, former US President and current candidate for the presidency, Donald Trump, publicly expressed his support for cryptocurrency mining, including the production of Bitcoin in the country. Trump participated in a meeting yesterday where he received important figures from the crypto mining sector. “Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia and the Radical Communist Left. We want all remaining Bitcoin to be MADE IN THE USA!!! This will help us become ENERGY DOMINANT!!!”, he wrote.


The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.

Source: https://portalcripto.com.br/posicao-de-donald-trump-sobre-criptomoedas-e-destacada-em-novo-documento/

Leave a Reply