United States Presidential candidate Donald Trump reiterated his intention to take a more favorable stance towards cryptocurrency compared to the current Biden administration.
Former United States President Donald Trump promised to end President Joe Biden’s “war on crypto,” if elected this year, during a speech delivered on his birthday.
“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,” Trump said during a special address in West Palm Beach, Florida. The event was held on June 14, the day he turned 78 years old.
It is not the first time Trump has criticized Biden for his harsh stance on crypto in recent times. On May 26, he took aim at Biden while arguing that the U.S. must not settle for anything but top place in the crypto industry.
“Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death. That will never happen with me,” he wrote in a May 25 post on Truth Social — a social media platform owned by Trump Media and Technology Group.
Trump is up against Biden in the 2024 presidential race, with the U.S. election day scheduled for Nov. 5.
Meanwhile, his promise to make Florida a central hub for crypto comes after Florida was named the “best state” for crypto taxes in the United States, while the state of New York was named the worst state, according to data from CoinLedger.
Data revealed that due to no state income tax and crypto-friendly regulatory policies, which include a pilot program giving businesses the option to pay state fees in crypto, Florida came in as the best state for crypto taxes.
The Biden campaign hit back with an email on Mr. Trump’s birthday, reminding voters that he had fallen asleep at his own trial, a case that resulted in felony convictions. “He is unhinged, unable to focus and diminishing before our very eyes,” James Singer, a Biden campaign spokesman, said of the former president.
No doubt. Now 78, he is trying to convince the country to give him another four years in office, at the end of which he would be the oldest president in American history — a mantle held by the current, 81-year-old occupant of the Oval Office.
