Republican US presidential candidate Donald Trump made a bold statement at a rally in Racine, Wisconsin, pledging to “end Joe Biden’s war on crypto.” Trump emphasized the importance of ensuring that the future of cryptocurrency, particularly Bitcoin, is developed in America to prevent other countries from taking advantage.
Trump’s campaign also criticized Biden’s economic policies, citing concerns about higher prices, lower wages, and a stalled manufacturing industry under his leadership. The rally took place in a town where a controversial Foxconn factory is located, a project that Trump previously praised for its supposed job creation impact.
This is not the first time Trump has shown support for the crypto industry. Earlier statements have included calls for support from the crypto community and promises to end what he refers to as the “Biden-Gensler crusade against crypto.” Trump even mentioned plans to have the US mine all remaining Bitcoin to help establish energy dominance.
Meanwhile, Biden’s approach to cryptocurrencies remains uncertain. Reports suggest that the Biden campaign may be considering a shift in their stance and seeking input from industry members for outreach efforts. However, no official adoption of any specific crypto-friendly policies has been confirmed by the Biden campaign.
As the presidential race continues, the contrasting approaches of the two candidates towards the crypto industry could play a significant role in shaping the future of digital assets in the United States.
