Trump Pledges to Transform U.S. into Crypto Capital if Re-Elected

On Thursday, former President Donald Trump reiterated his vision for a potential second term, focusing on making the United States the global leader in cryptocurrency and future technologies like artificial intelligence. At an Economic Club of New York event, Trump expressed his commitment to embracing these emerging industries rather than resisting them. He outlined plans to position America as the world capital for cryptocurrencies like Bitcoin.

Trump hinted that he has a vested interest in the crypto sector, revealing that he could be the ‘chief crypto advocate for World Liberty Finance,’ a family business venture. He presented a general economic plan and vowed to address the issues by removing many barriers through deregulation. Trump pledged to eliminate one regulation for every new one issued, trying to make the country more hospitable to businesses.

Trump Aims to Speed Up Energy Permits to Strengthen Tech Sector

Besides his regulatory proposals, Trump intended to declare a national emergency to enhance domestic energy production. He stated that energy production should be ramped up to advance artificial intelligence and preserve the United States’ position as a leading technological power, particularly when compared to China. He proposes to speed up the permitting of new drilling, pipelines, refineries, and power plants to reduce energy prices and make the United States the premier energy superpower in the world.

He also stated that he would go ahead with Elon Musk’s suggestion to form a committee to streamline the government. This committee would be tasked with overseeing the federal budget and identifying wasteful spending. Trump joked that Musk, who owns X (formerly Twitter) and is CEO of Tesla, was “not busy” and could lead this new effort.

These announcements align with Trump’s overall approach to harnessing new technologies and optimizing government procedures to boost the economy and enhance America’s position on the world stage.

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