Trump reiterates support for BTC and will choose Musk to lead government reform

source:cryptoslate

Compile:Blockchainknight

On September 5, former U.S. President Trump reiterated his support for BTC and the broader Crypto asset industry during a speech at the Economic Club of New York.

In his speech,Trump outlines broader vision for 'national economic renaissance', and said his economic policy would promote the development of emerging technologies and industries through clear regulations rather than stifling them.

He added:We will make America the Crypto and BTC capital of the world.

Trump said that for every new regulation his administration enacts, it will eliminate 10 regulations in an effort to reduce redundant federal regulation and promote the development of industries within the United States.

Trump did not detail in his speech the types of rules his administration would enact for crypto assets, but has previously vowed to ensure the U.S. always has aXiaobai NavigationIt is far from selling its approximately 200,000 BTC holdings.

He also promised to fire SEC Chairman Gary Gensler on his first day in office..

Trump also revealed that if he wins re-election in November,He plans to set up a government commission led by Musk, the founder of Tesla and SpaceX.

The commission will conduct a comprehensive financial and performance audit of the federal government, identify areas of waste and recommend "drastic reforms" to reduce inefficiencies.

At the same time, Trump promised that the group led by Musk would eliminate fraud and improper payments within six months of its establishment.

Trump's promise to streamline government operations adds a new dimension to his 2024 campaign platform, which focuses primarily on tax cuts, deregulation of energy production and reduced government spending.

Musk confirmed on social media that he would accept the position if Trump is re-elected, saying:I look forward to serving the United States if the opportunity presents itself. No compensation, title, or recognition is required..

However, the proposal drew criticism, with union leaders accusing Trump of seeking to undermine the nonpartisan federal workforce.

On the Crypto asset prediction platform Polymarket,Trump regains lead over Vice President Kamala Harris, accounting for 53% of the market share, while Harris only has 46%.

The shift marks a key momentum change as investors and political observers recalibrate expectations for Trump, who briefly trailed Harris in previous weeks.

However, Trump's recent rebound can be attributed to one thing - the market's growing confidence in his handling of major issues such as the economy and immigration.

Polymarket participants overwhelmingly support Trump on economic issues, 53% of people think he will manage the economy better, while Harris's support rate is 44%.

On immigration, Trump had an even bigger lead, receiving 56% of support from the market, surpassing Harris' 42%.

The shift in perception comes weeks after the former president’s public appearances, which have not been limited to rallies, interviews, speeches, or even appearances on alternative media platforms, such as a blog with Lex Fridman and an interview with streamer Adin Ross.

The article comes from the Internet:Trump reiterates support for BTC and will choose Musk to lead government reform

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