Kamala Harris

Joe Biden

Bold

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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>His address, which drew significant attention from the crypto community, focused on several key promises and policy positions. </strong></h4> 
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     These signal a major shift in the U.S. approach to digital assets. Let’s discover more about what Trump is planning for Bitcoin.
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<h5><strong>Trump Promises Major Shift in U.S. Crypto Policy</strong></h5> 
<p>Trump opened his speech with a bold commitment: on his first day in office, he would fire Gary Gensler, the current Chairman of the SEC, and appoint a new leader. This move, he argued, is crucial for fostering a more favorable regulatory environment for cryptocurrencies.</p> 
<p>One of Trump’s most ambitious proposals is the creation of a U.S. Government strategic national Bitcoin stockpile. He plans to accumulate Bitcoin long-term, ensuring the government retains 100% ownership. This reserve is intended to solidify the U.S. as a dominant force in the global cryptocurrency landscape.</p> 
<p><img decoding="async" class="wp-image-146841 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxchnhnghg-300x275.jpg" alt="" width="489" height="448" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxchnhnghg-300x275.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vxchnhnghg.jpg 390w" sizes="(max-width: 489px) 100vw, 489px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/balajis/status/1817342210549199154" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Trump’s optimism about Bitcoin’s future was clear throughout his speech. He confidently predicted that Bitcoin would “go to the moon” and suggested it could eventually surpass the market cap of gold. He urged Bitcoin holders to never sell their assets, hinting at substantial future gains. According to Trump, Bitcoin and other <a href="https://www.altcoinbuzz.io/?s=cryptocurrencies" target="_blank" rel="noopener">cryptocurrencies</a> will experience unprecedented growth if he is elected president.</p> 
<h5><strong>More About Trump’s Plan for Bitcoin</strong></h5> 
<p>In addition to his Bitcoin-related promises, Trump reaffirmed his pledge to commute the sentence of Ross Ulbricht, the founder of the <a href="https://www.altcoinbuzz.io/?s=Silk+Road" target="_blank" rel="noopener">Silk Road</a>, a dark web marketplace. He also assured the audience that under his administration, there would be no CBDC. This will reflect his stance against increased government control over digital transactions.</p> 
<p>Trump’s vision for the U.S. involves making it the “crypto capital of the planet” and a global Bitcoin superpower. He framed Bitcoin as a symbol of freedom, sovereignty, and independence from governmental coercion. According to him, the current administration’s policies are a threat to the U.S. dollar, and his presidency would reverse this trend.</p> 
<p>In closing, Trump promised the Bitcoin community that the anti-crypto stance of President Joe Biden and Vice President Kamala Harris would be dismantled the day he takes office. His speech resonated with Bitcoin enthusiasts who view his proposals as a potential game-changer for the future of digital currencies in the U.S.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/trumps-bold-bitcoin-agenda-for-2024/">Trump’s Bold Bitcoin Agenda for 2024</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Trump’s Bold Bitcoin Agenda for 2024

Altcoin Buzz

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