Donald Trump vows to end Joe Biden's 'war on crypto'

Ciaran Lyons3 hours agoDonald Trump vows to end Joe Biden"s "war on crypto"United States Presidential candidate Donald Trump reiterated his intention to take a more favorable stance towards cryptocurrency compared to the current Biden administration.1410 Total views48 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksFormer United States President Donald Trump promised to end President Joe Biden’s "war on crypto," if elected this year, during a speech delivered on his birthday.

“I will end Joe Biden’s war on crypto and we will ensure that the future of crypto and the future of Bitcoin, will be made in America, we’re going to keep it right here, and a lot of it is going to be done right here in Florida,” Trump said during a special address in West Palm Beach, Florida. The event was held on June 14, the day he turned 78 years old.

It is not the first time Trump has criticized Biden for his harsh stance on crypto in recent times. On May 26, he took aim at Biden while arguing that the U.S. must not settle for anything but top place in the crypto industry.

"Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death. That will never happen with me,” he wrote in a May 25 post on Truth Social — a social media platform owned by Trump Media and Technology Group.Former United States President Donald Trump speaking in West Palm Beach, Florida. Source: RSBN/Youtube

Trump is up against Biden in the 2024 presidential race, with the U.S. election day scheduled for Nov. 5.Trump plans to push Florida"s crypto presence

Meanwhile, his promise to make Florida a central hub for crypto comes after Florida was named the “best state” for crypto taxes in the United States, according to data from CoinLedger. 

Related:Donald Trump doubles down on crypto support at fundraiser event: Report

CoinLedger"s data revealed that due to no state income tax and crypto-friendly regulatory policies, which include a pilot program giving businesses the option to pay state fees in crypto, Florida came in as the best state for crypto taxes. The state of New York was named the worst state.

On June 12, Trump expressed his support for the Bitcoin mining industry, saying he wants all remaining Bitcoin to be mined in the USA.

Magazine:‘Bitcoin Layer 2s’ aren’t really L2s at all: Here’s why that matters# Bitcoin# Cryptocurrencies# Adoption# United States# Cryptocurrency Exchange# Florida# Donald Trump# Joe BidenAdd reaction