Key Takeaways
- Trump promises to make the U.S. the global leader for Bitcoin.
- He pledged to slash regulations by a tenfold margin for every new one.
- Trump would appoint Elon Musk to head a government efficiency commission.
Former President Donald Trump has vowed to make the U.S. the global capital for Bitcoin if re-elected.
Speaking at the Economic Club of New York, Trump briefly mentioned Bitcoin while laying out his broader economic vision for a second term.
Trump, highlighting his focus on emerging technologies such as AI and Bitcoin, said:
Instead of attacking industries of the future, we will embrace them, including making America the world capital for Bitcoin.
Re-visit regulations
In addition to Bitcoin, Trump emphasized his plans to overhaul U.S. regulations. He pledged to eliminate ten regulations for every new one introduced, aiming to free the economy from what he described as “crippling regulation.”
Trump also said he would declare a national emergency to boost domestic energy production, ensuring enough power for sectors like AI while enhancing U.S. competitiveness against China.
Elon Musk
Trump added that if re-elected, he would appoint Elon Musk as head of a new commission on government efficiency, tasked with reducing federal waste.
He joked that Musk, CEO of Tesla and owner of X (formerly Twitter), “was not busy.”
