Republican

2024

Donald Trump

Bitcoin

U.S. Representative French Hill in a recent CNBC interview, suggests that Donald Trump’s administration would adopt the recently passed FIT21 bill to create clear rules for digital asset management and consumer protection. 
This suggestion comes as the former U.S. president Donald Trump and supporting Republican lawmakers advocate for a more crypto-friendly regulatory environment in anticipation of the upcoming U.S. presidential election. 
As per Hill, the potential presidency of Trump will adopt the bill to help innovation and consumer protection is well established. This regulatory clarity is seen as crucial for maintaining U.S. competitiveness in the burgeoning digital asset space. 
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 <a href="https://twitter.com/hashtag/FIT21?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#FIT21</a> that passed the House with 71 Democratic votes is exactly the kind of regulatory framework for digital assets that former President Trump would support if he were re-elected. Watch more on <a href="https://twitter.com/SquawkCNBC?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@SquawkCNBC</a>🔽 <a href="https://t.co/ceTmU4LApU" target="_blank">pic.twitter.com/ceTmU4LApU</a>— French Hill (@RepFrenchHill) <a href="https://twitter.com/RepFrenchHill/status/1808504435972145297?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 3, 2024</a>
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However, in a recent report, Donald Trump has <a href="https://x.com/DylanLeClair_/status/1808581972203352570" target="_blank" data-type="link" data-id="https://x.com/DylanLeClair_/status/1808581972203352570" rel="noreferrer noopener nofollow">made statements supporting Bitcoin</a>, suggesting the U.S. should capitalize on producing the cryptocurrency domestically to counter foreign economic influences.&nbsp; 
Such comments are in line with opinions from other political leaders, including Vivek Ramaswamy and Senator Cynthia Lummis as they urge for the integration of bitcoin into the national financial plan to strengthen the U.S monetary assets. 
Senator Cynthia Lummis, also called “Crypto Queen,” has been vocal about integrating Bitcoin into the U.S. financial portfolio. In her view, bitcoin represents a robust store of value that could enhance the strategic diversity of the nation’s reserves. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/28/politifi-memecoins-dip-amid-biden-trump-presidential-debate/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/06/28/politifi-memecoins-dip-amid-biden-trump-presidential-debate/" rel="noreferrer noopener">PolitiFi Memecoins Dip Amid Biden-Trump Presidential Debate</a> 
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Trump May Adopt FIT21 Bill for Crypto Regulation, Says Rep. Hill

The Crypto Times

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