Donald Trump Calls on the US Government Not to Sell Cryptocurrency
Date: 2024-08-06 Author: Henry Casey Categories: CRYPTO PAYMENTS
Former US President and Republican candidate in the upcoming elections Donald Trump was once again in the spotlight, giving an interview to the famous streamer Adin Ross. During the conversation, various topics were discussed, among which an important place was the discussion of cryptocurrencies. Trump expressed his opinion on the future of digital assets and the role of the government in regulating them.
Donald Trump took part in an interview with Adin Ross, where they discussed current issues, including cryptocurrencies. The streamer asked Trump a question about the recent sale of bitcoins by the US government and his views on supporting digital assets if he wins the elections in November 2024.
Trump's Position on Cryptocurrencies
Trump expressed a clear opinion that the government should not sell cryptocurrencies. He stressed the importance of developing this area and warned that otherwise other countries, such as China, could take the lead in this area. According to him:
"This is something that the government should not be doing. Because they should be developing this area. If we don't, China will do it, and other countries will do it too."
In the spring of 2024, the US government held more than 210,000 BTC. However, in June, a significant portion of these assets were moved: $243 million in cryptocurrency was withdrawn to the Coinbase exchange. In total, the government moved $2 billion worth of bitcoins. According to the Arkham platform, the government's crypto wallet still holds 203,239 BTC, which is $10.74 billion at the current exchange rate.
Cryptocurrencies as "Modern Currency"
During the interview, Trump called digital assets "modern currency" and drew a parallel with artificial intelligence, emphasizing their importance in the modern world. Earlier, at the Bitcoin 2024 conference, Trump promised to make the United States the “crypto capital of the world,” which helped him raise $25 million in donations from event attendees.
In addition to his political statements, Donald Trump has unveiled a limited edition sneaker dedicated to the first cryptocurrency. On the official website, the pre-order price for the shoes ranges from $299 to $499, but on the eBay trading platform, the price reaches $2,500. This move demonstrates his desire to integrate cryptocurrencies into everyday life and the commercial sphere.
Donald Trump continues to actively support cryptocurrencies, seeing them as a huge potential for the future of the United States. His statement on the need to develop this area and warning about possible threats from other countries, such as China, highlight his desire to strengthen the US position on the global stage. At the same time, his commercial initiatives indicate his intention to integrate cryptocurrencies into various aspects of American life.
