Recently, Eric Trump, who runs the Trump Organization, made remarks about cryptocurrency, describing it as “digital real estate” that could replace traditional payment methods. He also hinted at a major crypto project announcement coming soon.
While details of the upcoming project are still under wraps, Eric mentioned that they are preparing something big. He confidently stated:
“I believe that, at some point, we all want to achieve financial independence and live in a world where we’re not bound by the rules of big banks.“
What Will Happen to Crypto If Trump Wins?
If Donald Trump wins the 2024 election and returns to the White House, he has made it clear that he has big plans for the cryptocurrency industry.
At the top of his agenda is firing Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC), who is unpopular in the crypto community. Trump has also emphasized his desire to end what he calls the Democrats’ “war on crypto.”
He has publicly opposed the idea of the U.S. developing a Central Bank Digital Currency (CBDC) and is determined to keep individuals like Elizabeth Warren away from the industry.
In Trump’s vision for crypto in the U.S., he wants to ensure that cryptocurrencies, particularly Bitcoin, are “Made in America.” He has even floated the idea of creating a national “Bitcoin reserve” as a permanent national asset, though details remain vague.
Trump has also pledged to make the U.S. the “crypto capital of the world and the Bitcoin superpower.” He wants to appoint an SEC Chair who would genuinely support the industry rather than hinder it.
Trump has further stated that he would end “Operation Choke Point 2.0,” which he believes is the Biden administration’s effort to cut off crypto companies from traditional banking services. If Congress passes pro-crypto legislation, Trump has vowed to sign it into law without hesitation.
Related news: US Government Moves 10,000 Bitcoins to Coinbase Prime
