Posted on 05/26/2024 5:26:55 PM PDT by E. Pluribus Unum
“Right of self custody” is key to future of America’s cryptocurrency, former president tells Libertarian National Convention.
Former President Donald Trump is vowing to fight any effort to create a central bank digital currency in the United States, saying the “right of self custody” is the key to the future of America’s cryptocurrency.
In a speech to a raucous crowd Saturday night, Trump told the Libertarian National Convention in Washington D.C. that he believes President Joe Biden is waging a "crusade to crush crypto."
"We're going to stop it. I will ensure that the future of crypto and the future of Bitcoin will be made in the USA, not driven overseas," Trump said.
Biden two years ago issued an executive order that many fans of Bitcoin and other private cryptocurrencies panned. Among other things, it urged research on creating a national digital dollar.
Trump offered a vastly different policy vision in his speech Saturday night, promising to keep federal regulators out of the cryptocurrency business like Sen. Elizabeth Warren, D-Mass., has urged.
"I will support the right of self-custody.,” the former president said. “To the nation's 50 million crypto holders, I say this: with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin. And I will never allow the creation of a central bank digital currency."
(Excerpt) Read more at justthenews.com ...
Here, Here!
Nice to see Trump plucking some low-hanging fruit.
The right to anonymous cash is the right to be free.
If Trump has his way he will eliminate the Fed or at least cripple it.
The Fed controls short term rates and has created massive inflation by keeping them artificially low and not raising them enough because it’s an election year.
At the very least Trump will weaken the Fed and clean them out.
I’ve been in plenty of countries in which “green” goes straight to the black market. Bar owners and others handling large sums of substitutes for cash will offer whatever it takes to get your green, typically about 25% to 50% more than face value, all with an eye to get out of the hell hole they live in, just like scumbag Joe’s vision for the U.S. during his second term.
Vote Trump!
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