In a recent speech at the Economic Club of New York, former US President and 2024 Presidential hopeful Donald Trump made a brief mention of crypto, pledging to make the US the “world capital for crypto and Bitcoin” if re-elected. He emphasized his intentions to eliminate old regulations and embrace industries of the future, including crypto. Trump’s family also teased a DeFi project called World Liberty Financial, built on the Aave platform. His speech outlined plans to slash regulations, tackle inflation, and promote domestic energy production, with the goal of making America a manufacturing superpower.
Trump’s economic agenda includes promises of low taxes, energy costs, and interest rates, as well as secure borders, low crime rates, and increased income for citizens. He also proposed a pro-American trade policy using tariffs to encourage local production and bring back trillions of dollars to the US. Additionally, Trump supported creating a government efficiency commission, following Elon Musk’s suggestion, to audit federal spending and enhance efficiency. Despite acknowledging the controversial nature of AI, Trump emphasized the importance of staying ahead in the field.
Overall, Trump’s speech highlighted his commitment to putting America first and prioritizing economic growth and innovation. His focus on embracing new technologies like crypto and AI, while also promoting local production and reducing regulations, demonstrates his vision for a prosperous and competitive US economy. With his re-election bid and ambitious economic agenda, Trump aims to position the US as a global leader in various sectors, including crypto and manufacturing.
