Former President Donald Trump pledges to position himself as the "pro-crypto" candidate, making bold promises during his address to Libertarian voters. Despite facing criticism, Trump courts pro-crypto sentiment by vowing to pardon Silk Road founder Ross Ulbricht.
Trump Vows to Commute Ulbricht's Sentence, Courting Crypto and Libertarian Support
Trump pledges to commute Ulbricht's sentence to time served, emphasizing his commitment to bringing the Silk Road founder home. Ulbricht, serving a life sentence, operated Silk Road, a notorious marketplace for illegal drugs and hacker tools, that accepted cryptocurrencies like Bitcoin.
Trump's pitch aims to broaden his support base ahead of the November elections, appealing to Libertarians by offering Cabinet and administration positions. Pledging to commute Ulbricht's sentence resonates strongly with pro-crypto political action committees and Libertarian party members.
Trump Champions Crypto Freedom, Vows to Block Biden's Regulations
Trump vows to halt President Biden's efforts to regulate and control cryptocurrencies, promising to safeguard the future of crypto within the United States. He emphasizes support for self-custody rights and opposes the development of a central bank digital currency (CBDC).
"To the nation's fifty million crypto holders, I say this: with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin," Trump declared.
Trump pledges to protect crypto holders' interests and keep regulatory pressures at bay, contrasting his stance with that of Senator Elizabeth Warren. He embraces the crypto revolution, positioning himself as a champion of the industry and accepting campaign donations in various cryptocurrencies.
Trump's pro-crypto stance emerges amid growing scrutiny of the current administration's regulatory approach to cryptocurrencies. His embrace of the crypto revolution reflects a strategic move to appeal to a burgeoning industry and contrast himself with political opponents.