Donald Trump: “There Will Never be a CBDC in the U.S. if I am Elected”
28.07.2024 0:26 2min. read Alexander Stefanov
Trump reiterated his position against a central bank digital currency (CBDC) in the United States during the 2024 Bitcoin conference in Nashvile.
Donald Trump’s positive change of opinion towards Bitcoin and crypto has been all over the news this year. Although it is most likely because he wants to attract more voters, rather than help the development of the technology, his endorsment is very much welcome by the whole community.
While giving his speech in Nashvile, he made some interesting promises. One of them was that he would fire the current SEC Chairman if elected. Gary Gensler has been known for his “crusade” against the crypto space and with him out of the picture, things could probably get a lot better.
Another thing that Trump said, which resonated with crypto enthusiasts is that if he is elected, there will never be a central bank digital currency (CBDC) in the United States.
READ MORE:
The US Will be The Crypto Capital of The Planet And The World’s Bitcoin Superpower – Donald Trump
He also opposed the issuance of CBDC during a speech in Portsmouth, New Hampshire a while back. This stance aligns with the general sentiment following last September’s Congressional debate, which highlighted the significant challenges a CBDC would face in gaining approval. The majority of Republicans, along with some Democrats, are against it.
Trump assured the audience that, as President, he would prevent the creation of a CBDC, arguing that such a currency would grant the federal government excessive control over personal finances. He warned that the government could potentially seize money without citizens’ knowledge, posing a severe threat to individual freedoms.
-
1
MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020
26.08.2024 8:00 1min. read -
2
PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program
24.08.2024 12:00 1min. read -
3
Cardano Founder to Launch Decentralized Social Network in Brazil Following X Ban
01.09.2024 12:00 1min. read -
4
Two Top American Banks Report Major Data Breach
25.08.2024 9:00 2min. read -
5
Another Bitcoin Mining Firm Files for Chapter 11 Bankruptcy
27.08.2024 19:30 1min. read
Pro-Crypto Attorney to Face Elizabeth Warren in Key Debate on Crypto Regulation
Pro-XRP attorney John Deaton, who has secured the Republican nomination for a Massachusetts Senate seat, will face off against Democratic Senator Elizabeth Warren in a highly anticipated debate on October 15, 2024.
Ripple Co-Founder Transfers 20 Million XRP: What’s Behind the Move?
Ripple Chairman Chris Larsen has recently moved 20 million XRP as part of a larger shuffle involving 50 million tokens.
SEC Likely to Appeal Ripple Ruling as Deadline Approaches
Tensions surrounding the Ripple vs. SEC lawsuit are intensifying as discussions about a potential appeal gain traction.
BNY Mellon Gets SEC Crypto Exemption, Sparking Concerns
BNY Mellon, the largest custodian bank in the U.S., has reportedly secured an exemption from the SEC’s Accounting Bulletin 121 for its institutional crypto custody operations.
-
1
MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020
26.08.2024 8:00 1min. read -
2
PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program
24.08.2024 12:00 1min. read -
3
Cardano Founder to Launch Decentralized Social Network in Brazil Following X Ban
01.09.2024 12:00 1min. read -
4
Two Top American Banks Report Major Data Breach
25.08.2024 9:00 2min. read -
5
Another Bitcoin Mining Firm Files for Chapter 11 Bankruptcy
27.08.2024 19:30 1min. read
Total b/s, trump can’t fire gensler. It doesn’t work that way. This was just a hijacking of a seminar for personal political gain. And the market knows that. In reality the pressure on Harris to soften the dem stance on crypto is more likely to prevail in the long run.