Key Takeaways:
- Trump’s Crypto Pledge: Donald Trump promises to end President Biden’s “war on crypto” and secure the future of cryptocurrencies in the U.S. if re-elected.
- Florida as Crypto Hub: Trump’s plans align with data naming Florida the best state for crypto taxes, citing no state income tax and favorable policies.
- Support for Bitcoin Mining: Trump supports U.S.-based Bitcoin mining, aiming for all remaining Bitcoin to be mined domestically.
Former President Donald Trump has pledged to end what he calls President Joe Biden’s “war on crypto” if he is re-elected.
Speaking in West Palm Beach, Florida, on his 78th birthday, Trump promised that the future of crypto, particularly Bitcoin, would be secured and advanced in the United States, with a focus on Florida.
JUST IN: 🇺🇸 Donald Trump says he will "end Joe Biden's war on crypto, and ensure that the future of crypto and the future of #Bitcoin will be made in America." pic.twitter.com/UdQBzXJOGZ
— Watcher.Guru (@WatcherGuru) June 15, 2024
Trump has previously criticized Biden’s stance on cryptocurrencies, labeling Biden as the worst president and accusing him of wanting to see the crypto industry fail.
Trump reiterated his commitment to ensuring the U.S. leads the global crypto industry.
Trump’s focus on Florida as a crypto hub aligns with recent data from CoinLedger, which named Florida the best state for crypto taxes due to its lack of state income tax and favorable regulatory policies.
🚀 Florida Tops the List: According to CoinLedger data, Florida has been crowned the most crypto-friendly state in the United States, with a 0% state income tax. Texas, Wyoming, and Nevada followed closely as the second, third, and fourth most favorable states for cryptocurrency…
— BitcoinWorld Media (@ItsBitcoinWorld) January 25, 2024
This includes a pilot program that allows businesses to pay state fees in crypto. Conversely, New York was ranked the worst state for crypto taxes.
Additionally, Trump has shown support for the Bitcoin mining industry, expressing his desire for all remaining Bitcoin to be mined within the United States.
JUST IN: 🇺🇸 Donald Trump says "We want all the remaining #Bitcoin to be MADE IN THE USA!!!"
— Bitcoin Magazine (@BitcoinMagazine) June 12, 2024
"It will help us be ENERGY DOMINANT!!!" pic.twitter.com/rx1epjVaKX
This statement was made on June 12, further emphasizing his commitment to promoting the crypto industry domestically.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
