“I Will End Joe Biden War on Crypto” This Is What Former U.S. President Said About the Joe Biden Administations’s Policy on Crypto and BTC.
Donald Trump promised to end President Joe Biden’s “war on crypto” if he is elected in the upcoming presidential race.
During a speech on his 78th birthday in West Palm Beach, Florida, Trump stated,
“I will end Joe Biden’s war on crypto and we will ensure that the future of crypto and the future of Bitcoin, will be made in America, we’re going to keep it right here, and a lot of it is going to be done right here in Florida.”
This is not Trump’s first critique of Biden’s stance on cryptocurrency. On May 26, he criticized Biden, emphasizing the U.S. must strive to lead in the crypto industry, calling Biden “the worst president in the history of our country” and claiming that Biden wants the crypto industry to “die a slow and painful death.” Trump assured, “That will never happen with me,” in a May 25 post on Truth Social.
Trump is competing against Biden in the 2024 presidential race, with Election Day set for November 5. He aims to establish Florida as a central hub for cryptocurrency, highlighting the state’s favorable tax policies and regulatory environment.
According to CoinLedger, Florida is the “best state” for crypto taxes due to its lack of state income tax and crypto-friendly policies, while New York was named the worst state. On June 12, Trump also voiced his support for Bitcoin mining in the U.S., expressing his desire for all remaining Bitcoin to be mined domestically.
Source: cointelegraph