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Former US President Trump Says He Would Not Pursue A Regulatory Crackdown On Bitcoin

Donald Trump once again passed a friendly statement for Bitcoin & cryptocurrency adoption in America amid the increasing regulatory action against the crypto companies by the security regulatory body under the leadership of Gary Gensler.

Donald Trump is a former President of the United States, serving from 2017 to 2021. Before politics, he was a popular businessman & later he grabbed popularity as a reality TV star. Trump’s leadership style and policies elicited strong reactions both domestically and internationally, leaving a significant impact on American politics and society. In the past, many times Trump passed several negative comments against Bitcoin & cryptocurrencies but it is also a very big truth that he used crypto & blockchain to sell his NFTs publicly.

On 12 March 2024, Donald Trump appeared in an interview with CNBC and there he shared his soft stance toward cryptocurrencies.

He said that he loves the US dollar as a currency but the adoption of Bitcoin & other digital assets in the US jurisdiction is visible enough, so he will give better room for this innovative sector.

Trump said that he would not pursue a regulatory crackdown on Bitcoin or other digital assets using the powers of his administration if he were to be elected president again.

Overall, Trump confirmed that he is ready to support cryptocurrency adoption in the US jurisdiction under the dedicated rules & laws.

Earlier this, in late Feb of this year, the former US president said that he is okay with bitcoin adoption and said that there is a need for regulation work on this sector.

All these things show that the former US president became a fully crypto-friendly person, as a part of upcoming election pressure.

It is worth it to note that Vivek Ramaswamy, an Indian-origin American businessman, quit the US presidential election candidate race & jumped in support of Trump. Ramaswamy mainly used the Bitcoin adoption concept as an important agenda for his election campaign and also grabbed nearly 10% of public support.

Read also: Microstrategy purchases an additional 12,000 BTC amid this Bitcoin bull run

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