Former President Donald Trump has made a significant promise to the cryptocurrency community: to end what he calls President Joe Biden’s “war on crypto.” Speaking in West Palm Beach, Florida, Trump highlighted his commitment to fostering a more crypto-friendly environment in the United States.

Keeping Crypto in America

During his address on June 14, Trump emphasized his intention to ensure that the future of cryptocurrency and Bitcoin remains within the U.S. borders. “I will end Joe Biden’s war on crypto, and we will ensure that the future of crypto and the future of Bitcoin will be made in America; we’re going to keep it right here, and a lot of it is going to be done right here in Florida,” he stated.

Criticism of Biden’s Stance

This is not the first time Trump has criticized the current administration’s approach to cryptocurrency. On May 26, Trump accused Biden of wanting the crypto industry to “die a slow and painful death,” a sentiment he shared on Truth Social, his own social media platform. Trump argues that the U.S. must strive to lead in the global crypto industry, a position he believes Biden’s policies undermine.

Florida: The Future Crypto Hub

Favorable Crypto Environment

Trump’s speech also highlighted his plans to make Florida a central hub for cryptocurrency activities. CoinLedger’s data recently named Florida the “best state” for crypto taxes, a title attributed to its lack of state income tax and crypto-friendly regulations. Florida’s pilot program allowing businesses to pay state fees in cryptocurrency further enhances its appeal.

Support for Bitcoin Mining

On June 12, Trump voiced his support for the Bitcoin mining industry, expressing a desire for all remaining Bitcoin to be mined within the United States. This stance aligns with his broader goal of making America a leader in the crypto space.

The Road to 2024

Trump’s commitment to the crypto industry forms a key part of his platform as he prepares to face Joe Biden in the 2024 presidential race, with election day set for November 5. His promises are likely to resonate with crypto enthusiasts and investors who feel stifled by the current administration’s policies.

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