Donald Trump, the former President, has declared his ambition to establish the United States as the global hub for cryptocurrencies if he is elected. The initiation of this action has generated conjecture, namely concerning the World Liberty Financial effort, led by his offspring, Donald Trump Jr. and Eric Trump.
The initiative, boasting a subscriber base of more than 53,000, is thought to encompass tangible assets and the tokenization process. Trump’s adoption of crypto is a notable departure from conventional political discourse, as he committed to establishing a strategic Bitcoin reserve and replacing Gary Gensler, the incumbent chair of the SEC.
Although the political landscape between Trump and Democratic candidate Kamala Harris has been unpredictable, Trump’s actions regarding cryptocurrency have attracted significant attention.
Republican Senator Cynthia Lummis has submitted a Bitcoin law that has attracted support. The plan suggests creating a strategic reserve of Bitcoin, which would be backed by gold certificates and held for a period of twenty years.
The ambitious objectives proposed by Trump indicate a possible change in US policy that has the potential to impact the future of digital assets and blockchain technology, particularly if he is re-elected.
