Former U.S. President Trump continues to express strong support for the cryptocurrency industry, stating at a rally that there will be a large number of cryptocurrency industries established in his main state of Florida in the future.
Pledge to end Biden’s cryptocurrency war
At an event commemorating his 78th birthday last week, Trump mentioned:
In order to protect the country’s future and provide more job opportunities for young people, I will end Biden’s war on cryptocurrency. We will ensure the future of cryptocurrencies such as Bitcoin in the United States. They will stay here, and many cryptocurrency industries will be established in Florida.
Florida has the “lowest” cryptocurrency tax
In January, Florida ranked first in the “best” state ranking for cryptocurrency taxation, known for having no state income tax and cryptocurrency-friendly regulations. Florida also has a pilot program that allows businesses to pay state fees using various cryptocurrencies.
Trump also recently stated that he hopes all remaining unmined bitcoins can be mined by U.S. companies. He believes that bitcoin mining may be the “last line of defense against central bank digital currencies (CBDCs).”
Fearless criminal prosecution, Trump becomes more active
Despite being convicted of 34 counts of falsifying business records in late May, becoming the first U.S. president in history to be convicted, Trump has remained active in various campaign activities.
At a fundraising event earlier this month, Trump also emphasized that he will be 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 the threat he poses to democracy, and the only way to prevent Trump from returning to the White House is through the presidential election.