Bitcoin will be mined, minted, made in US, Trump woos crypto community

Once a doubter of cryptocurrencies, Donald Trump has promised to support bitcoin if elected in November.

The Republican contender is trying to win over a business community that is displeased with US laws.

At a Tennessee conference, Trump addressed applause by declaring, "The Biden-Harris administration's repression of crypto and bitcoin is wrong, and it's very bad for our country."

The former president declared, "Bitcoin stands for freedom, sovereignty, and independence from government coercion and control," drawing comparisons between the rise of cryptocurrencies and the "steel industry of 100 years ago."

Trump declared that he would prevent the US government from selling its bitcoin assets if he were president.

According to Trump, "this will essentially serve as the core of the strategic national bitcoin stockpile."

The suggestion was more limited than one offered the day before by longshot third-party candidate Robert F. Kennedy Jr., who said he would seek to build a stockpile of 4 million bitcoins.
“If we don’t embrace crypto and bitcoin technology, China will, other countries will, they’ll dominate, and we cannot let China dominate,” Trump said Saturday.
"I want cryptocurrency to be mined, minted, and made in the USA if it is going to define the future."

Trump promised to make US energy the lowest “of any nation on Earth” by increasing the output of fossil fuels and nuclear energy, acknowledging that the cost of electricity plays a significant role in determining the location of bitcoin mining operations.

"We will create so much electricity that you will be saying, 'Please, please, Mr. President, we don't want any more electricity,' but we will do it in an environmentally friendly way."

He declared that he will replace US Securities and Exchange Commission (SEC) chairman Gary Gensler on his first day of office. The SEC chairman has been the subject of criticism from the cryptocurrency industry due to his very sluggish implementation of regulations.
As the suggestion was enthusiastically embraced by the audience, Trump cracked a joke, saying, "I didn't know he was that unpopular."
"Allow me to reiterate. "I will fire Gary Gensler on day one!" he exclaimed, causing the throng to explode once more.

In addition, he went after Vice President Kamala Harris, who is expected to take Joe Biden's position atop the Democratic ticket after the 81-year-old president's unexpected withdrawal from the race.

"I swear to the bitcoin community that the day I take the oath of office, Joe Biden, Kamala Harris's anti-crypto crusade will be over, it will end, it'll be done," Trump said to the gathering. "We have to fight and we have to win."

"You're going to love having me around."

- 100-day sto the US election
The 100-day sprint to the US election began Sunday, the final act of a campaign transformed by an assassination attempt and the stunning exit of President Joe Biden.
Democrats have united behind Vice President Kamala Harris following weeks of infighting and hopelessness over Biden's campaign, drastically altering the contest on November 5 and making it increasingly unlikely for Republican contender Donald Trump to win.

The party announced on Sunday that it had received $200 million, primarily from first-time donors, since Biden withdrew and nominated his vice president a week ago. It is certain that Harris's candidatures have given the campaign new life.

With increased support among Black, Latino, and younger voters, Harris was able to narrow Biden's six-point lead over Trump to just two points, which is well within the margin of error, according to a recent Wall Street Journal survey.

However, Republican pollster David Lee, who carried out the Journal study, advised Democrats not to become overly optimistic about the narrowing race.

"Trump is in a far better position in this election when compared to a similar time in the 2020 election,” Lee said.
Given the mechanics of the Electoral College system for choosing presidents, Trump still has the advantage if the contest is tied nationally.

Despite trailing Hillary Clinton by almost three million votes in the national popular vote, Trump prevailed over her in 2016.