Trump Vows to End Harris' War on Crypto While Celebrating Bitcoin White Paper's 16th Anniversary

Donald Trump, the former president of the United States and the Republican nominee for the upcoming presidential elections, has reiterated his promise to terminate what he describes as Kamala Harris' "war on crypto." This declaration was made in a tweet celebrating the 16th anniversary of the Bitcoin white paper, authored by the enigmatic Satoshi Nakamoto.

Celebration of the Bitcoin White Paper

On October 31, the cryptocurrency community marked the 16th anniversary of the Bitcoin white paper's release. This pivotal document, titled "Bitcoin: A Peer-to-Peer Electronic Cash System," was shared by Nakamoto with a group of cypherpunks on a cryptography mailing list in 2008.

• The white paper, while initially met with varied reactions, has become the cornerstone of a multi-trillion-dollar industry.

• It laid the groundwork for blockchain technology, igniting a financial revolution that advocates for decentralization.

• Over the past 16 years, the crypto sector has expanded to include millions of cryptocurrencies and around 759 exchanges, boasting a total market capitalization of approximately $2.42 trillion. Bitcoin remains the dominant player, accounting for about 58.9% of the market share, valued at $69,000 per BTC at the time of reporting.

Trump's Stance on Crypto Regulation

As Trump campaigns for the presidency, he has increasingly engaged with the cryptocurrency sector. Recently, he introduced his own crypto initiative, the decentralized finance protocol World Liberty Financial (WLF), which has launched a public token sale and plans to issue a stablecoin soon.

• Trump has positioned himself as a pro-crypto candidate, promising to support the industry if elected. He has vowed to remove anti-crypto politicians and ensure that Bitcoin mining operations remain within the U.S.

In his tweet, he stated:

“We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP!”

Trump's advocacy for cryptocurrency and his commitment to ending regulatory pressures from the current administration highlight his approach as he seeks to rally support from the crypto community during his presidential campaign.