On June 18th, the Republican presidential candidate Donald Trump made a promise to “end Biden’s war on Crypto assets” at a rally in Racine, Wisconsin.
Trump stated that his goal is to “ensure the future of Crypto assets and BTC will be realized in the United States.” He also warned that if the US does not seize the opportunity, other countries will.
Furthermore, Trump’s campaign team raised questions about Biden’s economic policies that surpass Crypto assets. Campaign spokesperson Anna Kelly described under Biden’s leadership “higher prices, lower wages, and stagnant manufacturing” in a statement to Reuters.
Reuters pointed out that the town where the rally was held is the location of a controversial factory owned by Foxconn. During his first term, Trump credited the factory’s construction to his support for manufacturing policies, but the factory ultimately failed to provide the expected number of jobs.
Trump claimed that his Crypto asset strategy will “create opportunities for young people.”
Trump’s latest commitment to supporting Crypto assets comes after similar statements. On May 8th, Trump called on the Crypto asset community for support, stating, “If you support Crypto assets, you better vote for Trump.” Later, on June 7th, he pledged to end “Biden’s persecution of Crypto assets.” Trump mentioned the Chairman of the US Securities and Exchange Commission (SEC) appointed by the Biden administration, Gary Gensler, in his statement.
On June 12th, Trump stated that he intends to mine all remaining BTC in the US, claiming that such a policy will help the US establish energy dominance.
With Trump’s increased support for the Crypto asset industry, Biden’s campaign team may reconsider their supposed strict stance on the industry. Reportedly, Biden’s campaign team is seeking input from members of the Crypto asset industry to engage in outreach. Following Trump’s earlier decision to accept Crypto assets through Coinbase Commerce, Biden’s campaign team may soon follow suit.
However, Biden’s campaign team has not taken or confirmed these actions. So far, only anonymous sources have reported on the alleged “plans.”