The Future of crypto in Trump's Economic Agenda
The 2024 US Presidential hopeful Donald Trump has included crypto in his wide-spread speech on the country’s economic agenda. Speaking at the Economic Club of New York on Thursday, the former President made a brief mention of cryptos. He once again stressed his intentions to make the US the “world capital for crypto and bitcoin,” if re-elected.
He further pledged that his administration would eliminate at least 10 old regulations for every one new regulation. “We would be able to do that quite easily,” he noted. Trump added that this would liberate the US economy from crippling regulation.
“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and bitcoin.” Trump's crypto mention at the Economic Club comes days after his family teased a DeFi project – world Liberty Financial. The project will be built atop Aave, the popular ethereum-based lending platform.
Trump's Economic Plans
Trump's hour-long speech included plans of slashing the current regulations, cutting down inflation, and promoting increased domestic energy production. Additionally, he also intended to turn America into the “manufacturing superpower of the world.” The motive of the effort is to have a pro-American trade policy that uses tariffs to encourage local production and bring trillions of dollars back home.
Trump also came up with a slew of promises such as low taxes, low energy costs, low interest rates, secure borders, low crime, and surging income for every citizen. Furthermore, Trump also mentioned to take Elon Musk’s suggestion to create a government efficiency commission task on auditing the federal government’s spending.
Embracing Innovation
Trump briefly mentioned that AI is “controversial,” however, “we have to be on top of it.” He emphasized, “I took care of our economy like I would take care of my own company. I always put America first, every single time.”
With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews.
