Marking Bitcoin’s whitepaper anniversary, Trump pledges to end restrictive crypto policies, calling for a friendlier regulatory approach.
Bitcoin Anniversary Marks Trump’s Crypto Commitment
Former President Donald Trump celebrated the 16th anniversary of the Bitcoin (BTC) whitepaper by reaffirming his crypto-friendly stance, promising to end restrictive policies on digital assets. As the election nears, he seeks the backing of the crypto community by contrasting his views against current regulatory approaches.
Trump’s Call to End “War on Crypto”
Trump took to social media to express support for Bitcoin enthusiasts and assure his intentions to eliminate what he called the “war on crypto.” He highlighted his plans to reform crypto policies if re-elected, including pardoning Silk Road founder Ross Ulbricht.
Support for Bitcoin’s Decentralized Origins
Referencing Bitcoin’s roots as a decentralized financial alternative, Trump stated his desire to support innovation in the U.S. “We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! #Bitcoin #FreeRossDayOne,” he wrote, pledging to promote the growth of crypto technology domestically.
The Legacy of Satoshi Nakamoto’s Vision
Bitcoin’s whitepaper, released on October 31, 2008, emerged as a response to the Lehman Brothers’ collapse, proposing a decentralized cash system free from traditional banks. Bitcoin has since grown to be a major asset, symbolizing financial independence worldwide.
Trump and the Crypto-Voting Community
This message solidifies Trump’s position as a candidate appealing to crypto supporters. With plans to remove SEC Chair Gary Gensler, who has been active in enforcing regulations against crypto firms, Trump sets himself apart from the administration’s current stance.
Policy Contrast with Vice President Kamala Harris
While Trump has pledged pro-crypto reforms, Vice President Kamala Harris advocates a balanced regulatory approach. Her policies focus on technological innovation while protecting investors, contrasting with Trump’s unrestricted stance, which supporters view as essential for U.S. tech leadership.
Implications of a Potential Republican Sweep
A Trump win, alongside a Republican Congress, is anticipated to significantly boost Bitcoin. Experts forecast that Bitcoin’s price may jump to $80,000 within days of a Trump victory, and to $125,000 if Republicans secure both the White House and Congress.
The Crypto Community’s Defining Moment
With Election Day approaching, U.S. crypto advocates face an important choice, believing in Bitcoin’s resilience and appeal despite political shifts. Many see a Trump administration as a crucial step for pro-crypto reforms.
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