Donald Trump commits to ending Joe Biden's 'war on crypto.'
Former United States President Donald Trump has promised to end President Joe Biden’s "war on crypto" if he is re-elected.
“I will put an end to Joe Biden’s war on crypto, and we will ensure that the future of crypto and Bitcoin will be made in America. We’re going to keep it here, with much of it happening right here in Florida,” Trump declared during a special address in West Palm Beach, Florida, on June 14, his 78th birthday.
This is not the first time Trump has criticized Biden’s strict stance on cryptocurrency. On May 26, Trump targeted Biden, asserting that the U.S. should aim for the top position in the crypto industry.
“Crooked Joe Biden, the worst president in our country's history, wants crypto to suffer a slow and painful demise. That will never happen under my watch,” he wrote on May 25 on Truth Social, a social media platform owned by Trump Media and Technology Group.
Trump will face Biden in the 2024 presidential race, with election day set for November 5.
In his pledge to make Florida a central hub for cryptocurrency, Trump highlighted Florida's recent recognition as the “best state” for crypto taxes in the United States, based on data from CoinLedger.
CoinLedger’s data indicated that Florida tops the list for crypto taxes due to its lack of state income tax and crypto-friendly regulatory policies, including a pilot program that allows businesses to pay state fees in crypto. Conversely, New York was named the worst state for crypto taxes.
On June 12, Trump expressed his support for the Bitcoin mining industry, stating his desire for all remaining Bitcoin to be mined in the United States.
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