What exactly would a Trump economy look like in this country? Two assassination attempts, one memecoin, FBI raidsand Elon does jumping jacksand Donald Trump is now the leading candidate become the next president of the United States of America.
But are its crypto and economic policies good for the country?
Today we’ll tell you that and more in our latest 99Bitcoins video, “Donald Trump’s Crypto and Economic Policies in 2 Minutes!” »
What a Trump Economy Looks Like in 2 Minutes
At this year’s Bitcoin Nashville ConferenceTrump changed everything crypto and digital assets. In Trump’s first Bitcoin speech, he said he:
- Gary Gensler, SEC Chairman on Fires
- Create a strategic stockpile of BTC (i.e. never sell the current US Bitcoin stack)
- Create a Crypto Task Force, ending antagonistic regulations against crypto within 100 days.
- Stop Operation Choke Point it was under Joe Biden
- And he will not tax your earnings at 50% like the Biden-Harris administration
Imagine traveling to 2010 and telling Bitcoin co-creator Hal Finney that the same guy from Home Alone 2 would create a strategic reserve of Bitcoin.
As Trump said: “The reason I love Bitcoin is two words: America First. »
Here are some other new policies included in Trump’s economic plan, which he revealed in a speech to the Economic Club of New York.
Other Trump economic policies besides crypto
The most important economic policy desired by Trump is an end to Russian and Iranian sanctions. Trump vowed to end sanctions and seek options for peace to end the Ukrainian and Israeli wars.
Another central element of the proposal was to create a “Ministry of Government Efficiency Commission,” aka DOGE – yes, it’s real – to look for ways to reduce unnecessary government spending. Trump said he got the idea from Tesla CEO Elon Musk and would ask him to lead the commission.
"The Department of Government Effectiveness is the only way to extend life beyond Earth. We will never reach Mars if Kamala wins."
by Elon Musk pic.twitter.com/aGShHeQdsl
– DogeDesigner (@cb_doge) September 13, 2024
Elon would have liked to shoot 80% from the federal government or around 3 million people.
Another of Trump’s plans was to eliminate spending related to the “Green New Deal,” a Democratic-led plan against climate change. Trump also pledged to increase U.S. oil production.
Finally, Trump said he would stay in office tax cuts that will expire in 2025. He has reiterated his plan to eliminate taxes on tips and Social Security taxes, and there is even a rumor that he will do so. end capital gains taxes.
Overall, Trump has a favorable plan for crypto and AI, and if elected in November, he hopes to turn around the entire economy.
If you want to see how we rated Trump’s crypto plan, watch our full video here!
EXPLORE: Tether profit climbs to $7.7 billion, regulatory scrutiny persists
Join the 99Bitcoins News Discord here for the latest market updates
The article What Would a Trump Economy Look Like? Trump’s New Crypto and Economic Policies in 2 Minutes appeared first on .
