Donald Trump, who is running for president of the US, began campaigning for the 2024 elections. In a speech in New Hampshire this week, the candidate promised to ban the creation of the digital dollar in the US.
According to the former president, a digital currency would allow the government to have complete control and seize people’s money. “It will be a dangerous threat to freedom”Trump continued.
The US elections are scheduled for the end of 2024, specifically on November 5. Apparently Donald Trump and Joe Biden are the two favorites, who, according to election polls, have almost the same voting intentions.
Donald Trump says he is against the creation of the digital dollar
Former US President Donald Trump was once a major critic of Bitcoin. As recently as 2021, he even declared that the fall of cryptocurrencies would be huge. He later launched some NFT collections, accumulating Ethereum (ETH) in his wallet.
This wasn’t enough to make Trump a big cryptocurrency enthusiast, but it shows that the former US president is more open to new technologies, unlike his main opponent, Joe Biden.
Going forward, Republicans appear to agree on one issue: the digital dollar. Like Ron DeSantis and Robert F. Kennedy Jr, two others in the US presidential race, Trump is against the creation of a digital currency in his country.
“Tonight I will also make a pledge to protect American citizens from government tyranny.”said Trump. “As your president, I will never allow the creation of a central bank digital currency (CBDC).”
Before he could even ask the audience what they thought of the digital dollar, the former president received applause, surprising him with the response. ‘I didn’t know you were aware of this. New Hampshire has very intelligent people, very coherent, they know what they are doing.”Trump responded.
“Such a currency will give the federal government absolute control over your money. They can confiscate your money and you won’t even know it’s gone. This will be a dangerous threat to freedom.”
President Trump vows to reject plans for a central bank digital currency during his speech in Portsmouth, New Hampshire
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— RSBN 🇺🇸 (@RSBNetwerk) January 18, 2024
Donald Trump could be re-elected US president in 2024
Election surveys indicate that the US elections will be contested by Joe Biden, the current US president, and Donald Trump, who held that position between 2017 and 2021.
While Trump cannot be considered a big fan of cryptocurrencies, his stance on local regulations may be much friendlier than Biden’s. Therefore, cryptocurrencies may be affected by these elections scheduled for November.
Finally, it is possible that Trump will also talk about Bitcoin in his campaign, just like other candidates in his party. After all, research shows that approximately 17% of Americans invest in cryptocurrencies, votes that could make a difference in these elections.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
