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US presidential candidate Donald Trump has not committed to cryptocurrency-friendly regulation, but the politician has promised to suspend coercive measures against digital currencies.
During March 11 bitcoin.html” target=”_blank” rel=”noopener”>CNBC In an interview, Donald Trump hinted that his regime does not plan to oppose cryptocurrencies like bitcoin (btc) through lawsuits or other channels of regulatory repression if he is elected again.
Trump's rhetoric has consistently emphasized his preference for the dominance of the US dollar, stating that he wants a single currency at the top of the global financial highway. However, the presidential candidate noted the accelerated adoption of cryptocurrencies in the United States and around the world, and noted that he is not sure about mounting an offensive against this innovation.
The White House hopeful has spoken out against central bank digital currencies (CBDCs) after adding a former pro-cryptocurrency candidate to his team. Trump believes that a CBDC would threaten American freedom by handing full control of money to the federal government.
Donald Trump owns cryptocurrencies, but not bitcoin
As crypto.news previously reported, Donald Trump owns more than $3 million in blockchain-based digital currencies. As Trump confirmed during his interview, bitcoin is not a feature among holdings.
Most of Donald Trump's cryptocurrencies are denominated in ethereum (eth), the second largest cryptocurrency token. This is mainly due to the licensing fees tied to his nft projects. Trump also said that he sometimes accepts crypto payments for merchandise, such as his sneaker collection.
US Representative Tom Emmer was quoted as saying that the crypto sector can benefit from Donald Trump's possible second term as president. Brian Brooks, former chief legal officer at Coinbase, echoed this sentiment, commenting that Trump-appointed regulators may take a friendly approach to overseeing cryptocurrencies.
