Trump: “Make the U.S. the capital of cryptocurrency”
Attempts to Contact Crypto Industry at Harris Camp
,
,
Democratic presidential candidate Kamala Harris (left) and Republican presidential candidate Donald Trump, former U.S. President. / AFP Yonhap News,
, ‘“We will make the United States the capital of the global cryptocurrency market and a Bitcoin superpower. Never sell your Bitcoins.”’,
,
, ‘During a speech at the “Bitcoin 2024 Conference” in Nashville, Tennessee on the 27th, former U.S. President Donald Trump, who is running as a Republican candidate in the November U.S. presidential election, shouted this statement, prompting cheers from thousands of attendees. Following Trump’s remarks, the price of Bitcoin soared, causing a significant stir in the cryptocurrency market.’,
,
, ‘Democratic vice presidential candidate Kamala Harris is also preparing to make cryptocurrency issues a central promise of her campaign. The UK’s Financial Times reported on the 27th that Harris is pursuing dialogue with the cryptocurrency industry. This is interpreted as an attempt to build an image as a “friendly” company interested in new technology fields. As the U.S. presidential election approaches in just over three months, candidates from both ends are showing interest in the cryptocurrency market. The issue of virtual asset regulation has emerged as a key election topic.’,
,
,
Graphics by Park Sang-hun,
,
, ‘Trump stated, “The U.S. government has long violated the fundamental rule that all Bitcoin investors know, which is ‘never sell Bitcoin.’ The federal government will strategically hold virtual assets without selling them off.” He also said, “Just as the steel industry was over a century ago, we will have virtual assets mined and made in America, not in other countries.” Trump added, “If we do not embrace virtual assets and Bitcoin technology, other countries, such as China, will. We cannot allow China to dominate.”‘,
,
, ‘Trump also mentioned that if re-elected, he would dismiss Gary Gensler, chairman of the Securities and Exchange Commission (SEC), on his first day in office, and appoint a new SEC chairman who believes in building the future, not preventing it. He promised to establish a “Virtual Asset Advisory Council.” Gensler has been at the forefront of regulating the cryptocurrency industry. The AP analyzed that throughout his 50-minute speech, Trump contrasted his “virtual currency promise” with the current administration’s virtual asset regulations to appeal to cryptocurrency supporters. As he made favorable remarks about cryptocurrencies, the price of Bitcoin once soared past $69,000.’,
,
, ‘Until 2019, Trump had expressed negative views on cryptocurrencies, stating that “Bitcoin is not real money.” However, U.S. media reported that he changed his stance to supporting cryptocurrencies since May, apparently to appeal to cryptocurrency investors’ sentiments ahead of the election. Reuters reported that Trump has raised over $4 million in cryptocurrency donations from May until now.’,
,
, ‘Initially, there were expectations within the cryptocurrency industry that Trump would include Bitcoin as part of the U.S. government’s “reserve assets,” but he did not mention this. “Reserve assets” typically include cornerstone currencies like the U.S. dollar and commodities such as gold, which central banks or governments hold to use at any time for maintaining stability in the foreign exchange market. Robert F. Kennedy Jr., running as an independent candidate in this election, declared in a conference speech the previous day that he would include Bitcoin as a “reserve asset.”‘,
,
,
,
, ‘Harris, who will face off against Trump in the upcoming election, is also reportedly attempting to contact crypto companies through her campaign within the next few days. FT reported, citing multiple sources, that companies Harris is reaching out to include cryptocurrency exchanges like Coinbase, stablecoin issuers like Circle, and Ripple Labs, the issuer of the cryptocurrency “XRP.”‘,
,
, ‘According to FT, Harris aims to “reset” the relationship between the cryptocurrency industry and the Democratic Party. It is analyzed that she seeks to gain support from cryptocurrency practitioners and investors who have turned their backs on the Democratic Party due to regulatory policies implemented by the Biden administration. External advisors who have provided counsel to the Harris campaign stated, “Vice President Harris wants to change the perception that the Democratic Party is ‘anti-business’ among high-ranking U.S. business officials.”‘,
,
, ‘Politico reported, “Democratic members supportive of cryptocurrencies expect Harris to offer a softer approach compared to Biden and anticipate her leveraging her youth and technology-friendly roots in California optimistically.”‘,
,
, ‘Chosun Ilbo Global Issues Selected by the International Department! Subscribe to the Newsletter ☞ https://page.stibee.com/subscriptions/275739’,
,
, ‘Solve the international quizzes and win prizes! ☞ https://www.chosun.com/members-event/?mec=n_quiz’,
,
,