Key Takeaways:
- Donald Trump plans to make the U.S. a global hub for cryptocurrency and Bitcoin if re-elected.
- He intends to cut regulations to boost innovation in digital assets, AI, and energy sectors.
- Trump announced Elon Musk would lead a commission to reduce government waste and increase efficiency.
In a speech at the Economic Club of New York, former President Donald Trump reaffirmed his plan to make the U.S. a global hub for cryptocurrency and Bitcoin if re-elected.
He emphasized his intent to embrace future industries like digital assets, AI, and energy, focusing on reducing regulations to foster innovation.
TRUMP: I WILL MAKE AMERICA THE WORLD CAPITAL FOR CRYPTO AND BITCOIN
— Mario Nawfal (@MarioNawfal) September 5, 2024
“I'm pledging today that in my second term, we will eliminate a minimum of 10 old regulations for every one new regulation.
We'll be able to do that quite easily, actually. And instead of attacking industries… https://t.co/5lvwEZP6Xt pic.twitter.com/TbRSm4Fym6
Trump also announced plans to appoint Elon Musk, Tesla CEO and owner of X (formerly Twitter), to lead a government efficiency commission aimed at eliminating wasteful spending.
In a humorous remark, Trump noted Musk’s involvement, saying he was “not busy.”
Additionally, Trump promised to declare a national emergency to accelerate domestic energy production, which he believes is crucial for the tech industry.
He vowed to cut bureaucratic red tape to swiftly approve new energy infrastructure projects, further supporting technological growth.
While crypto was only a small part of the speech, it underlined Trump’s broader economic vision of deregulation and innovation.
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