US presidential candidate Donald Trump has not pledged crypto-friendly regulation, but the politician has promised to halt enforcement actions against cryptocurrencies.
During an interview with CNBC on March 11, Donald Trump hinted that his regime does not plan to oppose cryptocurrencies like Bitcoin (BTC) through lawsuits or other regulatory suppression channels if he is elected again.
Trump's rhetoric has consistently emphasized his preference for US dollar dominance, emphasizing that he wants a single currency at the top of the global financial highway. However, the presidential candidate pointed to the accelerating adoption of cryptocurrencies in America and around the world, indicating that he was not sure about launching an attack against this innovation.
The White House aspirant has spoken out against central bank digital currencies (CBDCs) after including a former pro-crypto candidate on his team. Trump believes the CBDC will threaten American freedom by handing full control of money to the federal government.
Donald Trump owns cryptocurrencies, but not Bitcoin
As crypto.news previously reported, Donald Trump owns more than $3 million in blockchain-based digital currencies. As Trump emphasized during his interview, bitcoin is not property.
Most of Donald Trump's cryptocurrencies are denominated in Ethereum (ETH), the second largest cryptocurrency token. This is mainly due to the licensing fees associated with its NFT projects. Trump also said he sometimes accepts cryptocurrency payments for merchandise, such as his collection of sneakers.
US Representative Tom Emmer was quoted as saying that the cryptocurrency sector may benefit from Donald Trump's potential second term as president. This sentiment was echoed by Brian Brooks, former chief legal officer at Coinbase, who suggested that Trump's regulatory appointees may have a friendly approach to crypto oversight.
