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In a recent interview with CNBC's "Squawk Box," former President Donald Trump suggested that if he were to win the presidency again, his government would not utilize regulatory authorities to impose strict regulations on the usage of digital currencies.
"I have seen there has been a lot of use of that," Trump stated, referring to Bitcoin. He continued, "And at this point, I'm not sure that I'd want to take it away."
Despite Trump's traditionalist views on money, advocating for a single currency such as the dollar in the past, he acknowledged the prevalence of cryptocurrencies in various transactions. Notably, he mentioned his recent observation of expensive shoes bearing the Trump name being purchased with cryptocurrency.
Donald Trump suggested that if elected president again his administration would not crack down on the use of bitcoin or other cryptocurrencies through regulatory authority. https://t.co/UD78qyApuy pic.twitter.com/P9O0ZMUTVN
— CNBC (@CNBC) March 11, 2024
Trump clarified that he has not personally invested in Bitcoin but did express openness to accepting it as a form of payment. "No, no, no, but I will occasionally allow people to pay with Bitcoin," he remarked.
This is contrary to his previous criticism of cryptocurrencies, where he labeled Bitcoin a "scam" and expressed concerns about its inherent value, raising eyebrows in the crypto community. Trump's acknowledgment of the growing popularity of Bitcoin and his softened stance on its usage hint at a potential shift in his views ahead of a potential presidential campaign.
This change in tone aligns with his recent comments on Bitcoin during a YouTube stream of “The Ingraham Angle” on Fox News. Trump, who once deemed Bitcoin a "scam," now appears to "live with" it, recognizing its increasing popularity and broad appeal.
Despite Trump's evolving stance on Bitcoin, he remains firm in his rejection of the concept of the United States establishing its own central bank digital currency (CBDC). In January 2024, he emphasized concerns about the potential threats to individual liberty associated with CBDCs, pledging to shield citizens from the perceived oppressive power of the federal government.
editor
A digital nomad exploring the limitless potential of decentralized finance in a centralized economy.