Trump says America must lead in crypto or risk Chinese takeover
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Donald Trump has emphasized the need for the US to take the lead in the crypto sector. He chose Ohio Senator J.D. Vance, known for his vice presidential run, for the 2024 Republican ticket.
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If the United States doesn't lead in crypto, another country, perhaps China, will, Donald Trump said in an exclusive interview with Bloomberg. As crypto emerges as a global phenomenon, Trump believes it is important for the US to be involved in the sector.
“If we don't do it, China It is going to take and China will go. Have it – or someone else, but maybe China. China too a lot into is it” Trump said as he announced his decision to embrace crypto. What I want, again, is what is good for the country.
It wasn't the first time Trump had argued for US leadership in the crypto industry. Earlier, he said that the US “must be the leader in the field, there is no second place”.
The presidential candidate told Bloomberg that his personal experience with crypto, specifically non-fungible tokens (NFTs) and the high use of crypto for transactions in the NFT space, opened his eyes to the industry's potential.
But what I've really noticed is that everything is paid for – I'd say almost everything is paid for in crypto, in that brand new Currency,” he added.
Trump said he developed a deep understanding of the crypto industry by meeting with industry leaders. Plus, it featured a slight change in Jamie Dimon's look. Damon always has. He presented himself A crypto skeptic.
Surviving the latest assassination attempt, Trump has the full support of Tesla CEO Elon Musk and Tron founder Justin Sun. The Winklevoss twins, Kraken founder Jesse Powell and ARK Invest CEO Kathy Wood have endorsed Trump.
The Republican presidential candidate is expected to speak at the upcoming Bitcoin 2024 conference in Nashville. week, side by side Other high profile figures like Kathy Wood, Robert F. Kennedy Jr. and Michael Saylor.
Trump has chosen crypto-friendly Senator JD Vance as his vice presidential running mate for the 2024 Republican ticket. The decision is believed to increase the likelihood of crypto-friendly policies under Trump's leadership, which he has repeatedly advocated in recent months.
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