In November 2024, as the U.S. presidential election concluded with Trump successfully returning to the White House, Bitcoin surged to an unprecedented high of $90,000 on November 12. In his victory speech, Trump was brimming with confidence, declaring the dawn of a “golden era for America” and firmly committing to advancing cryptocurrency development in line with his campaign promises.
Trump expressed his belief that Bitcoin has limitless potential, with the possibility of surpassing gold in market value. He emphasized that Bitcoin stands for “freedom, sovereignty, and decentralization” and is a breakthrough against government regulation. He promised that no Central Bank Digital Currency (CBDC) would be introduced during his term and expressed his ambition to make the U.S. the global center for cryptocurrency, attracting more miners and developers.
Fulfilling Bitcoin Promises: Reforming the SEC and Solidifying America’s Bitcoin Holding Strategy
In his speech, Trump reiterated his intent to immediately dismiss current SEC Chairman Gary Gensler upon taking office and appoint a leader more supportive of cryptocurrency. He also outlined his plan to establish a strategic national Bitcoin reserve, committing to the U.S. government retaining 100% of its Bitcoin holdings, without selling, to strengthen Bitcoin's role in American finance.
Trump plans comprehensive cryptocurrency regulatory reforms, including lifting financial service restrictions on crypto exchanges and halting the “anti-crypto campaign” targeting users. He also intends to form a special committee for Bitcoin and cryptocurrency to provide clear regulatory guidance, creating a transparent and fair environment for industry growth. Trump claimed this move is “crucial for revitalizing the American economy and maintaining the dollar's position.”
"Bitcoin Represents America's Future"
At the Bitcoin conference in July, Trump had declared that “Bitcoin is the next industrial revolution,” insisting that America must lead in the crypto space. He stated that “America First” means leading globally in economics, technology, and innovation. Today’s Bitcoin milestone has undoubtedly strengthened his resolve to implement these plans. Trump pledged to promote Bitcoin and cryptocurrency adoption vigorously and to alleviate the regulatory burden on the crypto industry.
Bitcoin’s Future and U.S. Financial Reform
Trump’s Bitcoin policy is not only about Bitcoin’s future but also ties into his broader economic reforms. He has promised to reduce excessive regulations and tax burdens, creating a more inclusive market environment. He believes that through cryptocurrency technology, America will rebuild its economic strength, with Bitcoin symbolizing this new era. His enthusiasm for Bitcoin is evident in his encouragement for Americans to engage in this “new economic miracle.”
With Bitcoin reaching a historic high of $90,000, Trump’s commitments are generating high expectations. He hopes that under his leadership, the U.S. will become a global superpower in Bitcoin and cryptocurrency, ensuring the prosperity of this emerging industry and securing a leading role in the global economy.
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