Former U.S. President Donald Trump has expressed support for the cryptocurrency industry, pledging to make the United States a leader in the field if re-elected. He has promised to support self-custody rights for digital asset holders and keep Senator Elizabeth Warren away from Bitcoin. Trump also vowed to never allow the launch of a central bank digital currency (CBDC), accusing current President Joe Biden of hindering the crypto industry’s expansion into the American market.
During a recent speech, Trump also announced his intention to release Ross Ulbricht, the founder of the darknet marketplace Silk Road, if he wins the election. Ulbricht was sentenced to two life sentences and an additional 40 years in prison for his role in operating Silk Road, which facilitated illegal activities such as drug trafficking and money laundering.
Trump’s campaign has been actively collecting donations in cryptocurrencies such as Bitcoin and Dogecoin, with the support of Bitcoin Magazine CEO David Bailey. Bailey stated that the magazine is helping prepare a draft regulation for the crypto market, which could become a regulatory act if Trump wins the election. Despite criticism from some in the crypto community, Trump’s support for the industry has garnered significant attention and raised questions about the future of cryptocurrency regulation in the United States.
