Monday, May 27, 2024 ▪
4
min reading ▪ acc
Donald Trump re-emerges with bold pro-crypto promises, just in time for the 2024 presidential election Trump, who has pledged to protect the rights of cryptocurrency holders and opponents of CBDC, is attracting the attention of tech-savvy voters. However, this pro-crypto stance, well received by some, raises doubts. Is this a true belief? Is it an election strategy to attract new voters?
Trump’s pro-crypto promises
Donald Trump recently reaffirmed his support for cryptocurrencies in a statement that left its mark. The former US president and candidate for another term has promised to protect the rights of cryptocurrency users and oppose the creation of a central bank digital currency (CBDC).
“I will support the right to self-restraint. To the fifty million cryptocurrency holders in the country, I say this: I will keep Elizabeth Warren and her henchmen away from your bitcoins and I will never allow the creation of a central bank digital currency,” he declared. The statement takes direct aim at the restrictive policies being pushed by some members of Congress and shows Donald Trump’s determination to defend the interests of cryptocurrency users in the face of heavy government regulation.
In addition, Donald Trump made a bold promise regarding Ross Ulbricht, the currently imprisoned founder of the black market dark web site Silk Road. “If you vote for me, I will overturn Ross Ulbricht’s sentence on day one. He has already served 11 years and we will send him home,” he said. The proposal sparked a strong reaction in the crypto community, with Ross Ulbricht considered by many to be a pioneer of the cryptocurrency market.
Trump pro-crypto: political strategy or real commitment?
Donald Trump’s pro-crypto stance seems to have improved his electoral chances. According to Polymarket, a cryptocurrency-based prediction platform, Donald Trump has a 56% chance of winning the election, compared to Biden’s 38%. This jump in polls is largely attributed to his recent statements and actions in favor of cryptocurrencies.
An American statesman running for another term is now accepting crypto donations for his campaign. He has become the first major candidate to take this approach and is likely trying to appeal to a new base of young, tech-savvy voters.
However, the sincerity of his promises remains a question. According to the PolitiFact platform, Trump failed to fulfill more than half of the 102 promises he made during his 2016 presidential campaign, keeping only 24 commitments and making 23 compromises. These numbers cast a shadow over the reliability of its new pro-crypto promises.
Observers question whether this is Donald Trump’s genuine interest in cryptocurrencies or a simple political maneuver. Only time will tell if his actions will follow his words.
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A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I made a commitment to raise awareness and inform the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations, and put into perspective the economic and social issues of this ongoing revolution.
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The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.
