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Donald Trump’s Plan to Make the US the Global Crypto Leader
Last Updated: December 12, 2024
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Key Takeaways
- Trump aims to establish a national Bitcoin reserve to position the US as a global leader in cryptocurrency innovation;
- Upgrading crypto infrastructure and expanding energy resources are key to Trump's vision for supporting blockchain technology;
- EPA nominee Lee Zeldin is set to play a crucial role in streamlining environmental approvals for crypto-related projects.
Donald Trump, the incoming President of the United States, is planning big agendas to position the country as a leader in the cryptocurrency world.
During an interview with CNBC’s Jim Cramer at the New York Stock Exchange, Trump spoke about his vision for digital currencies.
He pointed out the progress other nations, like China, are making with digital assets and stressed that the US cannot afford to fall behind.
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In the interview with Cramer, he stated:
We're gonna do something great with crypto. We don't want China, or anybody else - others are embracing it, and we want to be the head.
One of Trump’s plans is the creation of a national Bitcoin
Trump also discussed the need to upgrade the country’s crypto infrastructure, citing the critical role of expanding energy resources in supporting blockchain technology.
He also mentioned that Environmental Protection Agency nominee Lee Zeldin is expected to be in charge of clearing environmental hurdles.
Jim Cramer, the host of CNBC's "Mad Money", is known for the perceived inaccuracy of his stock market analyses. His assertive recommendations and high-profile presence have made him a frequent subject of internet memes.
Trump’s plans for crypto leadership are already taking shape with key appointments to drive his vision forward. On December 6, he made headlines by selecting David Sacks as his "Crypto Czar". What could this mean for the US crypto policy? Read the full story.
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