Donald Trump speaks in favor of Bitcoin self-custody and promises to free Ross Ulbricht – DiarioBitcoin
By Hannah Perez
In his last campaign speech, Trump reiterated that he will not allow a CBDC and that he will protect the cryptocurrency industry if he is re-elected president. He also shed light on Ulbricht’s life sentence.
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- Donald Trump promises to protect the cryptocurrency industry if he is re-elected president
- He criticized Joe Biden’s administration for its anti-cryptocurrency approach
- He reiterated his intention to ban a CBDC and promised to commute Ross Ulbricht’s life sentence
- The former US president has been speaking in favor of Bitcoin as part of his presidential campaign
Donald Trump, once a skeptic of Bitcoinhas once again spoken favorably about cryptocurrencies in a latest campaign speech for the US presidential elections.
Speaking in front of a crowd of people at the Libertarian National Convention in Washington, DC, over the weekend, Trump touched on the topic of digital currencies, speaking in favor of the industry and making several commitments to ensure their permanence and progress in the future. USA —in case of being re-elected.
In his speech, the former president promised to stop “Joe Biden’s crusade to crush cryptocurrencies” ensuring that the future of cryptocurrencies is not “driven abroad“. He also expressed his support for self-custody and reiterated his intention to ban the issuance of a central bank digital currency (CBDC) in the country.
“I will ensure that the future of cryptocurrencies and the future of Bitcoin are made in the US, not abroad. I will support the right to self-custody”Trump said, to applause, as quoted CoinDesk.
“To the country’s fifty million cryptocurrency holders, I say this: I will keep Elizabeth Warren and her bullies away from your bitcoins, and I will never allow the creation of a central bank digital currency“, referring to the US senator, known for her stance against cryptocurrencies.
Trump vows to free Ross Ulbricht
Among the promises, Trump also expressed his intention to commute Silk Road founder Ross Ulbricht’s life sentence to time served if he is re-elected president in the November elections.
“If you vote for me, on day one, I will commute Ross Ulbricht’s sentence to a sentence of time served“Trump said in a comment that would have provoked almost half a minute of exuberant applause among attendees, many of whom held signs that said “Free Ross”, according to the media. “He has already turned 11 years old, we will take him home”he added.
Ulbricht, who created the defunct dark web market that was used to buy and sell illicit drugs with Bitcoinwas sentenced in 2015 to two life sentences plus 40 years in prison, with no possibility of a life sentence.
The friends, relatives and defenders of Ulbricht, have been requesting a review of his case in pursuit of his release.
Before Trump’s presidency ended in January 2021, he granted clemency to 143 people, including Ripple board member Ken Kurson, and commuted the sentences of 70 others, as he recalls. CoinDesk. He did not offer clemency to Ulbricht, Wikileaks founder Julian Assange, or Edward Snowden, the newspaper adds.
Renewed stance on Bitcoin and crypto
Before the speech, the Republican had taken to social networks to share his progressive opinion on Bitcoin and cryptocurrencies. “I am very positive and open-minded towards cryptocurrency companies and everything related to this new and flourishing industry“he said in a post on Social Truth.
“Corrupt Joe Biden, on the other hand, the worst president in the history of our country, wants him to suffer a slow and painful death“He added in a tone of severe criticism. “Our country must be a leader in this field, there is no second place“, he stated.
After having identified digital currencies as “dangerous“, “scam” and “a disaster waiting to happen”, Trump has been showing a more constructive attitude about this asset class in the midst of his candidacy and as the issue becomes a central issue during the US presidential campaigns.
In an interview in March, Trump acknowledged Bitcoin like a “new form of currency” that ““has taken on a life of its own.”.
A week ago, he also announced the adoption of cryptocurrencies as donation mechanisms for his campaign, as he had promised days before to enthusiasts and collectors of his NFTs. She said she was building a “crypto army“to combat the infamous”anti-cryptocurrency army” by Massachusetts Senator Elizabeth Warren.
Article by Hannah Estefanía Pérez / DailyBitcoin
Image created with AI image, under free use license
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