Trump Promises to Ease Crypto Regulations, Embrace Bitcoin: Fox Business
CryptoNewsTerminal Staff05 Sep, 2024
Trump Promises to Ease Crypto Regulations, Embrace Bitcoin: Fox Business
Former U.S. President Donald Trump, the Republican nominee for president of the United States, pledged in a speech to the Economic Club of New York on Monday to ease crypto regulations and embrace crypto and bitcoin. Fox Business reporter Eleanor Terrett said on Tuesday, "Trump stressed that he would 'embrace these industries by making the U.S. the crypto and bitcoin capital of the world' instead of 'attacking the future of finance.'" Trump's comments come as the cryptocurrency market has been struggling in recent months, with Bitcoin losing more than 50% of its value since its November all-time high. However, Trump's comments were met with enthusiasm by some in the cryptocurrency community, who see them as a sign that the former president is open to embracing new technologies. It remains to be seen whether Trump will be able to follow through on his promises if he is re-elected president. However, his comments are a sign that the cryptocurrency industry is gaining mainstream attention and that policymakers are beginning to take notice.
