Trump Hints at Hands-Off Approach to Bitcoin and Other Cryptocurrencies as President

Donald Trump suggested Monday that if he were re-elected as president, his administration would refrain from implementing stringent regulations on the utilization of Bitcoin or other cryptocurrencies.

“I have seen there has been a lot of use of that,” Trump remarked, alluding to the digital currency, during an interview on CNBC’s “Squawk Box.”

Trump Hints at Hands-Off Approach to Bitcoin and Other Cryptocurrencies as President
Credits: iStock

“And I’m not sure that I’d want to take it away at this point,” he supplemented.

Trump, who stands as the presumptive Republican nominee for president, portrayed himself as a traditionalist concerning currency, expressing, “I used to say, ‘I want one currency, I want the dollar, I don’t want people leaving the dollar.’”

Trump Hints at Hands-Off Approach to Bitcoin and Other Cryptocurrencies as President
Credits: iStock

However, he acknowledged that when he recently introduced a line of high-priced Trump-branded sneakers, “I noticed that so many of them were paid for with this with a new currency … you know, cryptocurrency and I couldn’t believe the amount.”

Inquired whether he had personally invested in Bitcoin, Trump responded, “No, no, no, but I sometimes will let people pay through Bitcoin.”

Sajda Parveen
Sajda Parveen
Sajda Praveen is a market expert. She has over 6 years of experience in the field and she shares her expertise with readers. You can reach out to her at [email protected]
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