Trump Reiterates Promise to Make US the Global ‘Crypto Capital’ if Re-Elected

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Sujha Sundararajan

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Sujha Sundararajan

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Last updated:

September 6, 2024 00:41 EDT

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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 on 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.”

His crypto mention at the Economic Club comes days after Trump’s family teased a DeFi project – World Liberty Financial. The project will be built atop Aave, the popular Ethereum-based lending platform.

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 be 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.

He also briefly mentioned that AI is “controversial,” however, “we have to be on top of it.”

“I took care of our economy like I would take care of my own company. I always put America first, every single time.”