Former President Donald Trump said that he would make the U.S. the “global hub for cryptocurrency” at a conference in Nashville, Tennessee. That is one bold remark, putting digital currency at the very front of the presidential campaign, in which both nominees are vying to outline their differences on issues at stake.
Bitcoin, the best-known crypto, has risen so much this year and is lending further attention to this space. Although Trump has changed his position regarding crypto from what it was when he was in office, Democratic nominee Kamala Harris remained overwhelmingly silent on the issue since President Biden picked her to succeed him.
All attention toward cryptocurrency is of particular relevance to younger voters involved in disproportionate digital asset trading. The Trump campaign has been touting the candidate’s support for crypto and technology, pitting it against Democrats and their purported obstacles for this industry.
So far, there has been no response from the Biden campaign on this issue, again underscoring how cryptocurrency increasingly became an important factor in the political world. Here’s what to know about where Trump and Harris stand on cryptocurrency:
Where does former President Donald Trump stand on cryptocurrency?
Former President Trump initially criticized cryptocurrencies, calling them highly volatile and based on thin air, and raised concerns about their potential to facilitate illegal activities like drug trade. However, at the recent Bitcoin Conference, Trump expressed strong support for crypto, promising to relax regulations and establish a National Strategic Bitcoin Reserve.
