Trump’s Address at the American Business Forum
At the inaugural session of the “American Business Forum” in Miami, Florida, on November 5, Donald Trump delivered a significant address emphasizing the need for the United States to leverage cryptocurrency. This speech, which took place at 1 p.m. local time, marked Trump’s declaration of a transformative approach towards digital assets.
Executive Order on Cryptocurrency
In what he termed a historical moment, Trump announced a pivotal executive order aimed at terminating what he described as the federal government’s opposition to crypto assets. He remarked:
“Today, we are in Miami to embrace an industry that is essential for our future. The crypto sector was once under pressure, but that era is over. This is a massive industry filled with potential.”
Vision for Digital Currencies
Highlighting the innovative spirit present in the crypto community, he pointed out the presence of skilled entrepreneurs who merge traditional business with digital asset ventures. Trump also articulated his vision for digital currencies, suggesting that cryptocurrencies have the potential to:
- Ease the dependence on the US dollar
- Produce numerous favorable outcomes for the economy
He expressed his desire for the United States to emerge as the undisputed leader in Bitcoin and a central hub for cryptocurrency markets worldwide.
