Former U.S. President Donald Trump has shared a bold plan to turn the country into a global leader in cryptocurrency. Speaking at the Bitcoin 2024 Conference in Nashville, Tennessee, Trump emphasized the importance of making the U.S. the "crypto capital of the planet and the bitcoin superpower of the world." His vision includes lighter regulations for the crypto industry, a contrast to the current administration's approach.

    Trump believes that America should be at the forefront of crypto development to prevent other countries like China from taking the lead. He plans to support crypto mining, minting, and production in the U.S. and ensure that the country leads the way if Bitcoin's value continues to rise.

    Trump has already accepted donations in Bitcoin and other cryptocurrencies, raising over $25 million since announcing this. He criticized the current U.S. Securities and Exchange Commission (SEC) for being too tough on the crypto sector and promised to replace the current chairman, Gary Gensler, if re-elected.

    Trump also proposed creating a presidential advisory council focused on crypto to develop clear regulations within 100 days. He opposes the idea of a central bank digital currency and wants to expand the use of stablecoins to extend the dominance of the U.S. dollar globally.

    Trump believes that the threat to the dollar doesn't come from Bitcoin but from the behavior of the current U.S. government. If re-elected, he plans to hold Bitcoin in a strategic national stockpile.

    Bitcoin's current price is around $68,667.74, showing a 1% increase.

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Trump's Vision: A Crypto-Powered USA

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