- Donald Trump spotlights crypto markets in a recent speech to the public
- He said that digital assets must be protected and nurtured in the US
- The future of Bitcoin will be made in America, said the former President
Trump Seeks to Drum Up Support
Donald Trump is looking to support the burgeoning crypto space by concentrating the market within US borders. That became clear in a rally earlier this week.
“To further secure America’s future and create opportunity for young people,” the former President said, “I will end Joe Biden’s war on crypto.” His remarks provide some forward-looking guidance into how he’ll approach digital assets if he were to be elected US President.
Crypto markets have been needing regulatory guardrails, which will protect investors and guarantee the safekeeping of deposits. To this end, Trump believes that the US should be in the driver’s seat.
Bright Future Awaits Crypto in the US
“We will ensure that the future of crypto and the future of Bitcoin will be made in America, otherwise other countries are going to have it.”
On the one hand, his comments may be looked upon as a way to attract the crypto community’s attention ahead of the November election. Crypto market participants in the US are growing by the day and are becoming a target group of voters both for Trump and for current President Joe Biden.
However, if the US maintains its dominant position over crypto, it will be entrusted with expanding the market, introducing regulations, and fostering adoption in the world’s biggest economy.
