Former US President Trump continues to express strong support for the cryptocurrency industry, stating at a campaign rally that there will be a large number of cryptocurrency industries established in his main state of Florida in the future.
Vow to End Biden’s Cryptocurrency War
During an event commemorating his 78th birthday last week, Trump mentioned:
In order to safeguard the future of the country and provide more job opportunities for young people, I will end Biden’s war on cryptocurrencies. We will ensure that the future of cryptocurrencies, such as Bitcoin, is in the United States. They will stay here, and many cryptocurrency industries will be established in Florida.
Florida’s Cryptocurrency Tax “Lowest”
In January, Florida ranked first in the “best” state ranking for cryptocurrency taxation, with no state income tax and known for its cryptocurrency-friendly regulations. Florida also has a pilot program that allows businesses to pay state fees in various cryptocurrencies.
Trump also recently stated that he hopes all remaining unmined bitcoins can be mined by American companies. He believes that bitcoin mining may be the “last line of defense against central bank digital currencies (CBDC).”
Fearless Criminal Prosecution, Trump Becomes More Active
Despite being convicted in late May on 34 counts of falsifying business records, becoming the first convicted US president in history, Trump has remained active in various campaign events since then.
In a fundraising event held earlier this month, Trump also emphasized that he will become the “cryptocurrency president” and claimed that he will end Biden and SEC Chairman Gary Gensler’s crusade against cryptocurrencies.
Biden’s campaign team took the opportunity to speak out through this event, stating that Trump’s conviction highlights his threat to democracy, and the only way to prevent Trump from returning to the White House is through the presidential election.