The former president Donald Trump has doubled-down on his pledge to make “America the world capital for crypto and bitcoin.”
“I’m pledging today that in my second term, we will eliminate a minimum of 10 old regulations for every one new regulation,” Trump made the remarks during his speech at Economic Club of New York on Thursday afternoon.
“We’ll be able to do that quite easily, actually, and instead of attacking industries of the future, we will embrace them.”
Republican Presidential nominee, Donald Trump added that his intention is to establish a new taskforce dedicated to improving the efficiency of federal agencies. “efficient” If he wins in November. Elon Musk from Tesla, the CEO who publicly supported Trump in July will lead this campaign, Trump said.
“I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms,” Trump said. “Elon [Musk], because he’s not very busy, has agreed to head that task force.”
These remarks coincide with the emergence of more information about World Liberty Financial, a project that Trump and his children have been promoting in recent weeks. In a blog post, posted on X by officials, they implied that DeFi will use Aave and involve stablecoins.
“Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance,” World Liberty Posted on X Thursday.
Barron Trump is 18 years old and recently enrolled to New York University. “DeFi visionary” The project behind you
Trump posted a video last month on X, tagging Liberty Financial and promising to turn the US into the world’s leading financial center. “crypto capital of the planet.” After being blocked from Twitter since January 2021, the former president has recently returned to X.
Trump’s apparent endorsement of crypto is another sign that he is trying to appeal to the crypto crowd in the upcoming election.
Trump attended the Bitcoin 2024 Conference in July. He announced to the Nashville crowd in Tennessee that if he were to win in November he’d fire Securities and Exchange Commission chair Gary Gensler “on day one.”
In May, his campaign started accepting cryptocurrency donations. Federal Election Commission documents show that as of July 31, two Trump PACs had received a total of $4 million worth of crypto donations. These were then converted into USDC stablecoins upon receiving them.
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