Big Breaking: President Trump Talks Bitcoin ATH, SEC Crackdown, and America’s Crypto Future

President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President spoke at the FII Priority Summit in Miami on Wednesday, covering topics such as Bitcoin and the Department of Government Efficiency (DOGE). He opened up about the strong recovery of America’s economy since his election, citing significant improvements since November 5th. 

The Nasdaq has risen nearly 10%, the Dow Jones Industrial Average has gained 2,200 points, and Bitcoin has reached new all-time highs. Trump expressed his goal of making America the leading hub for cryptocurrency, aiming to keep the country at the forefront of the industry.

“Bitcoin set multiple all-time record highs because everyone knows that I’m committed to making America the crypto capital,” He said. 

“We want to stay at the forefront of everything, and one of them is crypto, and Miami seems to be the center of the action, come to think of it, and maybe it’ll stay there.”He added,

Criticism of the SEC and Its Stance on Crypto

Trump also took the opportunity to criticize the SEC under the Biden administration, particularly former SEC Chair Gary Gensler, who left the agency last month. 

• Also Read :
•   SEC Drops Case Against Crypto Firms – A Win for DeFi & Blockchain Innovation
• ,

Trump stated, “We ended that war totally,” referring to the SEC’s stance on crypto. He added that the SEC had been hostile toward the industry until the very end, but with so many people invested in Bitcoin and crypto, they changed their tone, becoming “very nice” just before Gensler’s departure.

Before and since taking office, Trump has shown strong support for digital assets. He appointed crypto-friendly former regulator Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC). Trump’s recent remarks come amid various developments in the crypto world, including Elon Musk-led DOGE’s investigation against the SEC. Additionally, the SEC has paused its ongoing cases against major cryptocurrency exchanges Binance and Coinbase. 

FAQs