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July 23, 2024
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Trump signals positive stance on cryptocurrency, suggests openness to bitcoin

Former president Donald Trump has hinted at a potential shift in his stance towards cryptocurrency, particularly bitcoin.

Donald Trump suggested that if he were elected president again, his administration would not crack down on the use of bitcoin or other cryptocurrencies using regulatory authority.

“I have seen there has been a lot of use of that. And I’m not sure that I’d want to take it away at this point.” Trump said, referring to the digital currency, during an interview on CNBC.

While he admitted to not owning bitcoin, he noted that he accepts bitcoin payments for his branded sneakers.

Trump’s stance marks a shift from his previous skepticism regarding cryptocurrencies. However, he has emphasized that he is a major proponent of only one currency, which is the U.S. dollar. He added that he “would not allow countries to go off the dollar” because when the U.S. loses that standard it will “be like losing a revolutionary war.”

The post Trump signals positive stance on cryptocurrency, suggests openness to bitcoin appeared first on Crypto Reporter.

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