Donald Trump: The United States must become a leader in cryptocurrency

According to a report by The Block, US presidential candidate Donald Trump gave a speech over the weekend (5/25), saying that if elected he would commute the sentence of Silk Road founder Ross Ulbricht, and once again mentioned cryptocurrency. He declared on the social platform that he is "very active and open to cryptocurrency companies and everything related to this industry. The United States must become a leader in this field."

Sentence commuted for Silk Road founder Ross Ulbricht

Silk Road (Siik Road) was once the most valuable e-commerce platform on the dark web. It was created by Ross Ulbricht in 2011. The website was taken offline by the FBI in 2013 due to illegal activities, and Ulbricht Sentenced to life in prison without the possibility of parole for conspiracy to violate the law.

At the end of last year, the U.S. court determined that Silk Road’s huge amount of cryptocurrencies would be confiscated, including 69,370 Bitcoins, as well as other cryptocurrencies BITCOIN GOLD (BTG), BITCOIN SV (BSV), and BITCOIN CASH (BCH).

According to a report by the US media Daily Beast in 2020, Trump considered commuting or pardoning Ulbricht's sentence before leaving office during his last presidential term, but ultimately took no action.

Trump again expresses support for cryptocurrencies

Trump recently announced that he would begin accepting cryptocurrency donations and said that he would reduce regulation and advocate financial technology innovation. MAGA supporters will build a cryptocurrency army to promote victory in the election campaign on November 5!

In this speech, Trump once again mentioned cryptocurrency. Trump promised to stop Biden’s crusade to crush cryptocurrencies by ensuring that the future of cryptocurrencies is not pushed overseas and supports self-custody. rights, and prevent the development of CBDC. He declared: “I say to the 50 million cryptocurrency holders across the country: With your vote, I will keep Elizabeth Warren and her thugs away from your Bitcoin.”

Trump expressed his support for cryptocurrency on the social platform Truth just before his speech: I am very active and open to cryptocurrency companies and everything related to this emerging industry. Our country must be a leader in this area.