Trump Proposes Federal Cryptocurrency Reserve.
The Federal Cryptocurrency Reserve would aim to regulate and oversee the cryptocurrency market bringing it under government control.
Trump just sent out a Very Frightening Message to Crypto Enthusiasts and Crypto Investors who praise Crypto for being decentralized.
Trump is signaling he wants the opposite.
He wants it Centralized and under Federal Control.
Trump's Cryptocurrency Plan: Federal Reserve for Digital Assets
Key Points:
Donald Trump announces plans for a Federal Cryptocurrency Reserve if re-elected
Proposal aims to protect Americans from potential financial risks of digital currencies
Trump criticizes Biden administration's approach to cryptocurrency regulation
Details of Trump's Cryptocurrency Proposal:
Establishment of a Federal Cryptocurrency Reserve to oversee digital assets
Creation of a "Freedom Cities" initiative to foster innovation in various sectors, including cryptocurrency
Implementation of a "quantum computing defense" system to safeguard digital currencies
Trump's Stance on Cryptocurrency:
Emphasizes the need for American leadership in the cryptocurrency space
Warns against potential dangers of central bank digital currencies (CBDCs)
Promises to prevent the Federal Reserve from issuing a CBDC
Criticism of Current Administration:
Trump accuses Biden of stifling innovation in the cryptocurrency sector
Claims current policies are driving cryptocurrency businesses overseas
Broader Economic Vision:
Proposes cutting regulations to encourage technological advancements
Aims to position the US as a leader in emerging technologies, including AI and quantum computing
This summary provides an overview of Trump's proposed cryptocurrency policies and his criticisms of the current administration's approach to digital assets
Conclusion:
Gold and Silver are the only 2 assets that are:
1. Private
2. Decentralized
3. Do not act as someone else’s counter party risk
4. Have been through thousands of recessions, revolutions, regime changes, fires, floods, earthquakes, famines, wars and other acts of God
5. Crypto has not gone through one recession