Which world leaders made big promises on crypto?
Few world leaders openly support digital assets while in office or on the campaign trail. Although the technology is relatively young and untested as a political issue, many candidates have made a name for themselves on crypto and blockchain.
Naib Bookel, El Salvador
Now that El Salvador's former president is campaigning for his next term, Naib Bukele is arguably the world's most outspoken leader in cryptocurrency. In the year Pioneer legislative path to legal tender Bitcoin (BTC) in El Salvador by 2021. He regularly buys X – ex-Twitter – directly linking the president to cryptocurrency.
Under Buquele, BTC kiosks have been installed throughout El Salvador, and the president reported in December, that the country's Bitcoin investments were profitable after the collapse of the crypto market in 2022. In 2024, the Ministry of Education of El Salvador plans to introduce a Bitcoin education program to the public. Schools.
Javier Milei, Argentina
In Argentina's presidential election in November, Javier Mille came under fire for skyrocketing inflation and general dissatisfaction with the country's economy. Miley once referred to Bitcoin (BTC) as a movement to “bring money back to the private sector of its original creator.”
Many crypto supporters in Argentina have called on the new president to follow Buccane's path to recognize bitcoin as legal tender in the country and ignore the requirements of the Financial Action Task Force's travel law. At the time of publication, Miley had been in office for less than a week and had not issued any crypto-related policies.
Donald Trump, United States of America
Former United States President Donald Trump is facing multiple criminal charges related to his role in fraudulent business practices and attempts to overturn the results of the 2020 presidential election. He hasn't been the most outspoken voice on crypto in the Republican Party — see Vivek Ramaswamy or Robert F. Kennedy Jr. — but he has tied digital assets directly to his 2024 campaign.
Trump has had a handful of cryptocurrency (NFT) drops, including a photo of him handing himself over to authorities in Georgia. However, following his departure from office in 2021, he called cryptocurrencies a “fake” and a “disaster waiting to happen.”
Rishi Sunak, United Kingdom
Rishi Sunak, who came to power after political and economic turmoil in the United Kingdom, advocated a number of policies in favor of digital assets before being sworn in as the Prime Minister of the United Kingdom. In the year In 2020 and 2021, Exchequer Chancellor Sunac said he plans to prioritize financial technology and officials will advise on pioneering reforms “to support the safe adoption of crypto-assets and stablecoins”.
Sunac has not publicly spoken about cryptocurrencies since its launch in October 2022. Shortly after Sunak became prime minister, crypto exchange FTX filed for bankruptcy, and a series of major crashes and arrests rocked the scene.
Faustin-Archange Touadéra, Central African Republic
Like Trump and Bukele, the President of the Central African Republic, Faustin-Arsenge Touadera, is an active user of social media and has announced policies related to crypto and blockchain in X. In April 2022, Touadera announced that Bitcoin will be considered legal tender in CAR. Frank later launched Sango, to establish a “legitimate crypto hub” in CAR to attract businesses and international crypto enthusiasts.
#Bitcoin as #Legal and inspired our country opens a new chapter in the journey towards a bright future with #Blockchain #Technology. Everyone is welcome to watch the Sango Genesis event airing on July 3 pic.twitter.com/7u6knv5f6w
— Faustin-Archange Touadéra (@FA_Touadera) June 27, 2022
Alexander Lukashenko, Belarus
Belarus President Alexander Lukashenko, whose 2020 re-election has been marked by widespread voter fraud claims against opposition candidate Sviatlana Tsikhanouskaya, has backed policies aimed at supporting cryptocurrency mining in Russia's ally. In the year In 2019, Lukashenko proposed to deploy more power from nuclear power to mining and selling crypto. He later urged Belarusian workers to pursue opportunities in crypto mining companies instead of doing farms in other countries.
Before the highly controversial election, Lukashenko was an early adopter of digital assets in Belarus, proposing to legalize cryptocurrency and some initial coin offerings in 2017. Belarus has been subject to many of the same sanctions imposed on Russia since the Russian military invaded Ukraine in 2022. Including illegal use of crypto.
Philip Davies, Bahamas
Many in the crypto space associate the Bahamas with the island nation from the former headquarters of crypto exchange FTX and its former CEO, Sam Bankman-Fried. In the year One of the reasons why a company like FTX moved to the Bahamas in 2021 was the country's favorable crypto regulation, and Prime Minister Philip Davis supported these policies.
Before FTX's collapse, Davis said he aimed to establish a regulatory system that would allow The Bahamas to “grow and prosper” on the island. The Prime Minister He said he would support the Central Bank of The Bahamas' (CBCC) digital currency, Sand Dollar, launched in 2020.
