Donald Trump plans to overhaul Bitcoin regulations, aiming for a more stable environment. It promises to create policies that support crypto innovation and growth. It’s possible that Trump’s approach will drive more institutional adoption of digital assets. The focus is on securing the future of crypto while ensuring it is compatible with national interests.
Donald Trump made these promises with Bitcoin and crypto!
On-chain analytics platform SpotOnChain has outlined 11 key promises from Donald Trump aimed at strengthening his support among Bitcoin advocates. These commitments include regulatory updates that will create a more favorable environment for cryptocurrencies.
1. Firing SEC Chairman Gary Gensler
Trump vowed to shake up crypto rules by firing SEC Chairman Gary Gensler on his first day. cryptokoin.comAs you follow from , Gensler has become a key player in crypto regulations. This move by Trump shows that he plans to push for policies that support the crypto industry.
2. Creating a national Bitcoin reserve
Donald Trump plans to create a US “Bitcoin Reserve” that treats Bitcoin as a national asset like gold. This would mark a major shift in how digital assets will be integrated into US financial policy.
3. Making the US the global hub for crypto
The Trump administration aims to make the United States the “crypto capital” of the world. This goal could increase crypto investments and foster innovation in the Blockchain space.
4. Protecting Bitcoin assets from seizures
Donald Trump has promised to keep 100% of the 203,650 BTC ($14.95 billion) held by the US government. It plans to create a national reserve to protect the asset from legal seizures and secure it for future growth. The USA is currently the largest holder of BTC among the world’s governments.
5. Eliminating capital gains tax on Bitcoin
Trump’s plan also includes eliminating the capital gains tax on Bitcoin transactions. This will make it more attractive for US investors to buy, hold and spend BTC. This will also bring more institutional entry into the Bitcoin ecosystem.
6. Supporting native Bitcoin mining
Donald Trump plans to focus on US-based Bitcoin mining to increase energy independence and lead in the digital economy. He supports establishing mining infrastructure on American soil.
7. Ending the anti-crypto crusade
Trump plans to end his “anti-crypto crusade.” It also aims to push for fair treatment of digital assets. Its goal is to create a pro-crypto environment with balanced regulations.
8. Creating a Bitcoin and crypto advisory council
Donald Trump announced the creation of an advisory council to shape a clear regulatory framework. The council will include industry leaders and advocates to help guide policy.
9. Protecting self-custody rights
Trump vowed to protect Americans’ right to keep their crypto private. This will enable citizens to retain control of their digital assets without relying on third-party institutions.
10. Against Central Bank Digital Currency (CBDC)
Donald Trump is strongly opposed to the idea of CBDC. He says CBDC violates privacy and control of personal finances. His administration will hinder the progress of any CBDC initiative. This promise undoubtedly benefits stablecoin issuers like Tether and Circle.
11. Commuting Ross Ulbricht’s sentence
Trump has promised to commute the double life sentence of Silk Road founder Ross Ulbricht. The decision underscores Trump’s push to reform legal treatment of the digital finance industry. Whether Trump will keep his promises cryptokoin.comFollow on .
