America

Donald Trump

Bitcoin

The post <a href="https://coinpedia.org/news/trump-suggests-using-bitcoin-to-pay-off-35-trillion-debt/">SHOCKING! Trump Wants to Use Bitcoin to Clear America’s $35T Debt!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Donald Trump has been very vocal about <a href="https://coinpedia.org/news/is-americas-superhero-fueling-a-crypto-revolution-trump/" target="_blank" rel="noreferrer noopener">Bitcoin and cryptocurrency</a> since the start of his re-election campaign. On August 2nd, he gave an interview to Maria Bartiromo from Fox Business. During the interview he shared his views about strengthening the US economy. 
During his interview, the Presidential candidate <a href="https://app.coinpedia.org/donaldtrump" target="_blank" class="profile-details">Donald Trump</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/donaldtrump" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1722326224296vuje2za8fp.jpg" class="user_profile_img" alt="user_profile_img" title="user_profile_img"> Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President suggested paying off the country’s debt with Bitcoin. A video clip from the interview is getting famous on the social media platform X(formerly twitter). In this clip Trump can be heard saying- 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Maybe, we can pay off our 35 Trillion debt by handing them a little crypto check, hand them a little Bitcoin and wipe out the $35 trillion” 
</blockquote> 
Donald Trump has been a huge supporter of Bitcoin for the last whole year. He has been suggesting many pro crypto initiatives. Throughout his reelection campaign, he has been advocating cryptocurrency, especially Bitcoin. During his speech in the Nashville conference, he outlined his vision for America to become the Bitcoin superpower. He promised to establish a strategic national bitcoin reserve from the Bitcoin seized by the US government. He said, if he is elected as the President in November, he will not sell the 200,000 BTC sitting in US custody. 
During various instances, Donald Trump has expressed his strong desire to make America the biggest crypto power. According to him, America should be the one to use crypto to strengthen the economy and crypto should flourish under the U.S umbrella. He believes if the US does not do it, China will do it and he would not want that to happen.&nbsp; 
Trump even criticized the current administration and SEC for their stance on cryptocurrency and taking legal actions without creating a clear regulation structure. The strict laws are preventing the growth that crypto innovation can bring for America. 
Read Also: <a href="https://coinpedia.org/news/morgan-stanleys-bold-move-bitcoin-etfs-for-elite-clients-only/" target="_blank" rel="noreferrer noopener">Morgan Stanley’s Bold Move: Bitcoin ETFs for Elite Clients Only!</a>

SHOCKING! Trump Wants to Use Bitcoin to Clear America’s $35T Debt!

CoinPedia News

Other articles published on Aug 2, 2024

Michael Saylor's MicroStrategy Plans to Raise $2B to Buy More Bitcoin

Can Lido DAO Price Hit $2 After Launching Institutional-Grade Liquid Staking?

Hacker Steals $210,000 in CVG Tokens from Convergence

PayPal and Portal Launch Global PYUSD Hackathon

Compound Finance Faces Scrutiny After Controversial Proposal 289 Passes

EU MiCA implementation a ‘pivotal moment’ for crypto regulations — Compliance exec

Join our free newsletter for daily crypto updates!