Key Takeaways
- Donald Trump asserted that he has put an end to Joe Biden’s adversarial stance on Bitcoin and has committed to transforming the US into a crypto hub.
- Trump has issued executive orders aimed at ensuring the United States remains a leader in artificial intelligence and cryptocurrency innovations.
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On Wednesday, President Donald Trump announced that he has effectively eliminated the Biden administration’s antagonism towards Bitcoin and digital currencies, asserting that his executive orders aim to uphold US dominance in AI and cryptocurrency.
“I’ve signed executive orders to keep the United States at the forefront of artificial intelligence and to end Joe Biden’s war on Bitcoin and crypto. We ended that war totally. That war’s over,” said Trump during his address at the FII PRIORITY Summit held in Miami Beach.
Trump criticized the SEC’s tactics in regulating cryptocurrency, alleging that numerous cryptocurrency-related indictments were politically driven and insinuating that his influence prompted their dismissal ahead of the elections.
“So many people are being indicted for no reason whatsoever. Very political group of people that all they did was…they liked indicting people,” Trump stated.
“Many of those indictments were dropped just before the election,” Trump asserted, noting that these actions came too late to have an impactful effect.
“We had that vote entirely. I think everybody was smart that believed in that and there are a lot of people believing it. Everybody who is smart voted for Trump and they pulled these indictments,” he continued.
Trump expressed that his actions and judgments stem from his perception of righteousness rather than political agendas.
“I don’t do anything for political reasons, I do what’s right. I wanna be at the forefront of any industry,” he added.
The President also claimed that his backing of the crypto sector fostered optimism and investment in Bitcoin, contributing to its price increase.
“Bitcoin…set multiple all-time record highs because everyone knows that I’m committed to making America a crypto capital,” Trump remarked. “We wanna stay at the forefront of everything.”
