AICoin Trump and Wansu's remarks on cryptocurrency: outspoken supporters

CN
10 months ago

Original Edit: Cat Brother, Wu said blockchain

On July 15th, Trump selected Senator Pence as his running mate for the 2024 presidential election. Pence has repeatedly expressed support for cryptocurrencies and has pushed for legislation favorable to cryptocurrencies. Autopilot shows that BTC currently accounts for 6% of his wealth management portfolio. Although Trump had made anti-cryptocurrency remarks in previous years, he is now seen as a major supporter of cryptocurrency policies. He had earlier supported cryptocurrency donations and will soon attend the 2024 Bitcoin Conference on July 27th to give a speech. Below is a summary of Trump and Pence's public statements on cryptocurrencies in recent years:

Trump

July 16, 2024

In an interview with Bloomberg Businessweek, Donald Trump revealed that cryptocurrencies will not disappear, which is great. The U.S. cryptocurrency industry has a good foundation. It is still in its infancy. But I don't want other countries to take over this field. Trump stated that he had met many top figures from the cryptocurrency industry during political fundraising events. Regarding the current shift towards embracing the cryptocurrency industry, Trump said, "If we don't do it, China will take over, or another country, but it's likely to be China. China takes this very seriously."

In the interview, Trump also mentioned that he will launch his fourth NFT series. Trump described his previous series as "very successful," selling out within a day. The entire series sold out, with 45,000 cards. I did it three times, and I plan to do it again because people want me to do it again. This spirit is incredible. It's beautiful.

https://www.bloomberg.com/features/2024-trump-interview/?srnd=phx-businessweek

June 12, 2024

Trump posted on his social media company Truth Social, stating that Bitcoin mining may be our last line of defense against central bank digital currencies (CBDC). We hope that all remaining bitcoins are produced in the United States. This will help us achieve energy dominance.

On the same day, Matthew Schultz, Chairman of the cryptocurrency mining company CleanSpark Inc., stated that several Bitcoin mining company representatives met with Trump at Mar-a-Lago on Tuesday night. Schultz said that Trump told the attendees that he loves and understands cryptocurrencies, and added that Bitcoin miners help stabilize the energy supply of the power grid. Trump also said that he will speak up for miners at the White House.

https://www.bloomberg.com/news/articles/2024-06-12/trump-meets-bitcoin-btc-miners-in-his-latest-pro-crypto-overture?utm_source=twitter&utm_content=crypto&utm_medium=social&utm_campaign=socialflow-organic

June 8, 2024

According to Reuters, Trump stated at a fundraising event on that day that he will be the "crypto president," and the attacks on cryptocurrencies by Biden and Gensler will stop within an hour of Trump's second term in office.

https://www.reuters.com/world/us/trump-pitches-himself-crypto-president-san-francisco-tech-fundraiser-2024-06-07/

May 28, 2024

David Bailey, CEO of Bitcoin Magazine and a cryptocurrency assistant for Trump's campaign team, revealed that Trump had inquired about using Bitcoin to solve the US national debt problem.

https://news.bitcoin.com/trump-inquired-if-bitcoin-could-aid-in-solving-the-35-trillion-us-national-debt-problem/#google_vignette

May 26, 2024

At the Libertarian National Convention in Washington, D.C., Trump promised that if he is re-elected, he will commute the sentence of "Silk Road" founder Ross Ulbricht on the first day. Before his speech that day, Trump also praised the cryptocurrency industry on social media, emphasizing that the United States must maintain a leading position in this field, while President Biden hopes the cryptocurrency industry will "slowly die," which will not be allowed to happen during his term. Trump stated that he will stop Biden's crackdown on cryptocurrencies, ensure that the future of cryptocurrency and Bitcoin is created in the United States, and not driven overseas. He promised to support users' autonomy and told the 50 million cryptocurrency holders in the United States: "I will keep Elizabeth Warren and her henchmen away from your Bitcoin and will never allow the creation of central bank digital currencies."

https://breakingthenews.net/Article/Trump:-I-will-ensure-crypto-history-is-made-in-US/62111768

May 22, 2024

Trump's campaign team announced that they will start accepting cryptocurrency donations, and Trump's supporters can donate using "any cryptocurrency accepted through the Coinbase Commerce product."

https://www.cnbc.com/2024/05/21/trump-campaign-starts-taking-cryptocurrency-donations.html

May 9, 2024

He said at the NFT dinner held at Mar-a-Lago, "If you support cryptocurrency, you will vote for Trump, because they (Biden) want to end it." When asked about his views on central bank digital currencies (CBDC) and "government blockchain" (both of which are typically opposed by cryptocurrency supporters), Trump responded, "I think everything has its place." He continued, "We have some incredible things happening, I mean, looking back a few years ago at cryptocurrency, people said it wouldn't succeed, but now its numbers are breaking records. I guess you could say it's a form of currency, and I support that, I increasingly support that." When asked how he would change the hostile U.S. policy of expelling cryptocurrency companies abroad, he said, "We will stop it, because I don't want that, I don't want that. I hope that if we are going to embrace it, then we have to let them stay here."

https://mp.weixin.qq.com/s/wBSVHaeAG7dpm2Nc-wOvPg

March 11, 2024

In an interview with CNBC, Trump stated that if re-elected as president, his government will not crack down on the use of Bitcoin or other cryptocurrencies through regulatory agencies. Bitcoin is already widely used. Trump mentioned that many of the recently launched Trump-branded sneakers were paid for with cryptocurrency. When asked if he owns any Bitcoin, Trump said he does not own any Bitcoin, but sometimes allows people to pay with Bitcoin.

https://www.cnbc.com/2024/03/11/trump-suggests-he-would-not-oppose-bitcoin.html

February 23, 2024

In an interview, Trump stated that Bitcoin has developed independently and may need some regulation. But many people are accepting Bitcoin. There is an increasing desire to use Bitcoin for payments. Additionally, Trump stated that he is open to accepting Bitcoin.

https://www.coindesk.com/policy/2024/02/23/trump-bitcoin-has-taken-on-a-life-of-its-own-will-probably-need-some-regulation/

June 7, 2021

In an interview with Fox, Trump stated that Bitcoin is a scam, and he would not be surprised if it falls below $6,000. He expressed his dislike for Bitcoin because it competes with the US dollar.

https://www.bbc.com/news/business-57392734

July 12, 2019

Trump tweeted on Thursday that he is "not a fan of Bitcoin," calling them "not money," and mentioning their price volatility relative to the dollar. Trump also criticized Facebook's Libra cryptocurrency project in subsequent tweets, calling it "almost no standing or dependability," and implying that US regulators would regulate the social media giant.

Vance

February 2024

A group of Republican senators led by Vance wrote to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), expressing concerns about the SEC's lawsuit against the cryptocurrency company DEBT Box, accusing SEC lawyers of making misleading statements in the case, and believing that such actions undermine public trust in SEC enforcement actions. The senators criticized Gensler's handling of the cryptocurrency industry and called for a stricter review of the SEC's enforcement actions.

https://www.politico.com/news/2024/06/26/vance-crypto-00164859

January 2024

Vance (Republican Senator from Ohio) and Thom Tillis (Republican Senator from North Carolina) wrote to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), asking for an explanation for the "significant fluctuations in the prices of Bitcoin and other cryptocurrencies" caused by false information posted on the SEC's X account. "The United States has the deepest and most liquid capital markets in the world, and stability and soundness are essential if investors are to maintain trust in our markets. It is unacceptable for the agency entrusted with regulating the world's capital markets to make such a huge mistake."

https://tennesseestar.com/news/ohio-u-s-senator-jd-vance-demands-answers-after-sec-x-account-compromised-announces-premature-approval-of-of-spot-bitcoin-exchange-traded-funds/khousler/2024/01/11/

May 2022

Vance disclosed his holdings of up to $250,000 worth of Bitcoin and received support from Bitcoin advocate and billionaire investor Peter Thiel through a super PAC.

https://cointelegraph.com/news/bitcoin-friendly-republican-candidate-jd-vance-wins-ohio-senate-primary

December 2022

After the bankruptcy of FTX, U.S. Senator Sherrod Brown hoped to regulate cryptocurrencies, while then-Senator Vance warned against damaging the "dynamic upside space." Vance stated, "Our regulatory approach should fundamentally protect consumers while ensuring that we do not stifle the dynamic advantages of internet development." He questioned whether the development of the internet would have been inhibited if "domineering" regulation had been implemented decades ago.

https://www.cleveland.com/news/2023/02/us-sen-sherrod-brown-wants-cryptocurrency-regulation-sen-jd-vance-warns-against-harming-dynamic-upside.html

December 15, 2022

When the Canadian government froze the bank accounts of individuals involved in the Ottawa truck driver protest, Vance posted, "This is why cryptocurrency is thriving, if your political views are wrong, the government will cut off your access to banking services."

https://x.com/JDVance1/status/1493575391457517568?lang=th

August 6, 2021

Vance issued a statement opposing the Portman-Warner-Sinema cryptocurrency regulation amendment supported by Biden, arguing that the amendment benefits big tech companies while Ohioans become losers, potentially leading to widespread surveillance of the cryptocurrency community and endangering the existence of Bitcoin and other cryptocurrencies. He called on senators to reject the amendment and support the Wyden-Toomey-Lummis amendment.

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