Former President Donald Trump has hinted at a more favorable approach towards cryptocurrency if elected as President of the United States again. In a recent interview with CNBC, Trump acknowledged the growth and potential of digital assets.
Trump said: “I have seen there has been a lot of use of that. And I’m not sure that I’d want to take it away at this point.” While he admitted to not owning Bitcoin, he noted that he accepts Bitcoin payments for his branded sneakers. Trump’s stance marks a shift from his previous skepticism during his presidency. However, he has emphasized that he is a major proponent of only one currency, which is the U.S. dollar.
The former president remains opposed to a U.S. central bank digital currency (CBDC), aligning with several former Republicans hopefuls, including Vivek Ramaswamy and Ron DeSantis, who have expressed support for cryptocurrency. In contrast, the Biden administration has taken a more cautious approach, with the current President mandating research on the development of this blockchain technology.
Trump’s potential stance on cryptocurrency could have significant implications for the industry, as it would signal a shift in policy from the current administration.