Key Takeaways
- Trump vows to end Biden's 'war on crypto' if re-elected.
- Trump criticizes Biden's stance on cryptocurrency on Truth Social.
- Florida named the best state for crypto taxes by CoinLedger.
Former U.S. President Donald Trump has promised to end President Joe Biden’s “war on crypto” if he wins the upcoming presidential election. During a special address in West Palm Beach, Florida, on June 14, Trump declared:
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.
Trump, who turned 78 on the day of the event, criticized Biden’s harsh stance on Bitcoin.
On May 26, Trump emphasized the need for the U.S. to lead the crypto industry. He denounced Biden on Truth Social, a platform owned by Trump Media and Technology Group, calling Biden:
The worst president in the history of our country.
Facing Biden in the 2024 presidential race, with the election set for November 5, Trump plans to enhance Florida’s role in the crypto sector.
Florida has been named the “best state” for crypto taxes by CoinLedger, attributed to its lack of state income tax and crypto-friendly regulations.
In addition to his general support for cryptocurrency, Trump voiced specific backing for Bitcoin mining, expressing a desire for all remaining Bitcoin to be mined within the U.S.
