In his campaign for the US presidential election, former President Donald Trump has strongly advocated for a pro-Bitcoin policy, promising to protect the rights of Bitcoin holders and stop efforts to regulate cryptocurrencies.
During the Libertarian National Convention, Trump reaffirmed his commitment to curbing his opponent Joe Biden’s attempts to stifle Bitcoin’s growth. He promised to hold off any attempts to create a central bank-backed digital currency and to protect the right to self-custody of digital assets.
In contrast, the Biden administration has taken a hostile stance toward Bitcoin, vetoing legislation that would protect customers’ rights over their digital assets and proposing taxes and regulations that might discourage the cryptocurrency industry in the United States. Trump presents himself as the safest option for Bitcoiners, committed to defending their right to work and trade in the Bitcoin sector without excessive government interference.
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