Former US 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.
Vow 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 cryptocurrencies. 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 rankings 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 using various cryptocurrencies.
Trump also stated recently that he hopes all remaining unmined bitcoins can be mined by American companies. He believes 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 of 34 counts of falsifying business records at the end of May this year, becoming the first convicted US president in history, Trump has remained active in various campaign activities afterwards.
At a fundraising event earlier this month, Trump also emphasized that he will become the “cryptocurrency president,” claiming that he will end Biden and SEC Chairman Gary Gensler’s crusade against cryptocurrencies.
The Biden campaign team took the opportunity to speak out through this incident, 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 vote.
Donald Trump
Cryptocurrency industry
Biden