U.S. presidential candidate Donald Trump has hinted at a more crypto-friendly approach to regulation, pledging to refrain from enforcement actions against digital currencies if re-elected. In a recent interview with CNBC on March 11, Trump indicated that his administration would not pursue lawsuits or regulatory crackdowns on cryptocurrencies like Bitcoin (BTC).

While Trump has consistently advocated for the dominance of the U.S. dollar as the world’s primary currency, he acknowledged the growing adoption of crypto both in the U.S. and globally. Despite his preference for a single global currency, Trump expressed uncertainty about taking a hostile stance against the crypto industry.

Trump has been vocal in his opposition to central bank digital currencies (CBDCs), citing concerns about government control over money. His stance on crypto has been influenced by his team, which includes a pro-crypto former candidate.

Recent reports indicate that Donald Trump holds over $3 million in blockchain-based digital assets, with Ethereum (ETH) being the predominant token in his portfolio. This is primarily due to licensing fees related to his NFT projects, and Trump has also mentioned accepting crypto payments for merchandise.

Experts in the crypto industry, such as U.S. Representative Tom Emmer and former Coinbase executive Brian Brooks, believe that a second term for Trump could have a positive impact on the cryptocurrency sector. Emmer and Brooks suggest that Trump’s regulatory appointees may adopt a more favorable approach to overseeing cryptocurrency activities.

For more updates on the latest cryptocurrency news, visit Global Crypto News.

Post Views: 6