During his victory discourse, he made necessary guarantees, together with ending divisions, serving to make America wholesome once more, and permitting success for the folks, setting the stage for a brand new golden age.
Throughout 2024, Trump additionally made important guarantees for the crypto business, an business that helped him obtain this large success. Here are the highest guarantees Trump delivered this yr in relation to Bitcoin and crypto.
Top 11 Trump Crypto Promises
1. Bitcoin “Made within the USA”
On June 12, Trump shared a submit on Truth Social, saying that he wished all of the remaining Bitcoin to be made within the US. He mentioned that this may assist the nation turn into energy-dominant.
2. Ending the Anti-Crypto Crusade
In July, the Republican Party revealed a draft of its political program which talked about crypto below its innovation part, together with the event packages for AI and area enlargement.
The doc summarized the principle crypto goal of the Trump administration, highlighting that the Republicans will:
- End Democrats’ illegal and unAmerican crypto crackdown
- Oppose the creation of a CBDC
- Defend the correct to mine Bitcoin
- Ensure that each American has the correct to self-custody of their digital property
- Ensure transactions free from authorities surveillance and management
The political program was codified following Trump’s feedback on the 2024 Bitcoin Conference in Nashville, the place he promised that the day he takes the oath, Joe Biden and Kamala Harris’ anti-crypto campaign shall be over.
3. Protecting Bitcoin and Self-Custody
During the Nashville convention, Trump additionally highlighted how the final administration has been towards Bitcoin.
He mentioned that Bitcoin stands for freedom, sovereignty, and independence from authorities management and coercion, and he’s dedicated to shutting down Operation Choke Point 2.0, additionally introduced up by Forbes, and making a Bitcoin and Crypto Presidential Advisory Council.
He additionally promised to defend the correct to self-custody, and freedom of transaction, affiliation, and speech.
Operation Choke Point 2.0 refers to a coordinated marketing campaign among the many Biden White House, the Federal Reserve, the OCC, the FDIC, and the DOJ to disclaim Bitcoin corporations entry to conventional monetary techniques.
4. Supporting Global Savings in Bitcoin
During the identical convention, Trump mentioned that he would assist USD stablecoins and world financial savings in Bitcoin, highlighting that the actual risk to the US greenback was the US Government’s conduct and never Bitcoin.
5. Making the US the Crypto Capital of the Planet
As highlighted by CNBC, Trump additionally promised to make the US the crypto capital of the planet and the Bitcoin superpower of the world.
This is a press release that Trump made extra instances in 2024, vowing to guard Bitcoin.
6. Turning the US right into a Bitcoin Mining Powerhouse
Trump additionally pledged to make the US the lowest-cost power producer on the planet, contemplating its pure sources, and switch it right into a Bitcoin mining powerhouse.
7. Creating a Strategic Bitcoin Reserve
Trump promised to cease the US Government from promoting its Bitcoin reserves and create a core strategic nationwide Bitcoin stockpile.
8. Paying Off the National $35 Trillion Debt in Crypto
During an occasion associated to his NFT assortment, Trump claimed that crypto has an excellent future, and steered that possibly the nation may repay the $35 trillion debt in crypto.
9. Firing Gary Gensler on Day 1
Gary Gensler is the chair of the US Securities and Exchange Commission, and Trump promised to fireside him on day certainly one of his Presidency.
Lately, below his administration, the SEC has opened a number of circumstances towards main crypto companies for allegedly promoting unregistered securities. The US SEC has been recognized for pushing laborious for intense regulatory readability.
10. Freeing Silk Road’s Ross Ulbricht
During the Libertarian National Convention, Trump said that on day one he would commute the sentence of Ross Ulbricht, the founding father of the darknet market Silk Road.
Ulbricht’s sentence is controversial attributable to its excessive severity – a double life sentence plus 40 years with out parole, for nonviolent crimes.
11. Creating DOGE Led by Elon Musk
In August, throughout an interview with Elon Musk on X Spaces, Trump dedicated to Musk, one other Bitcoin, DOGE, and crypto supporter, that he would create a Department of Government Efficiency Commission led by him to chop prices and dimension of the Federal Government.
Today, throughout his victory speech as the brand new US President, Trump thanked Elon Musk for his endorsement, for all of the work that he’s carried out in Pennsylvania, and for offering Starlink and aid that saved nations.
Musk has been an unlimited assist for Trump, and for the entire world by shopping for Twitter, rebranding it to X, and permitting free speech to let the world learn and listen to the ideas of beforehand censored necessary names.
Trump made many guarantees for the crypto business and we are able to solely assist he retains his phrase, sending Bitcoin and crypto to the moon.
