But Trump, the Republican nominee, stopped short of proposing a formal federal reserve of digital currency. "I am proud to be the first American president to address a Bitcoin event anywhere in the world. If crypto is going to define the future, I want it to be mined, minted and made in the USA," he said. "We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry. As we implement these reforms, Bitcoin and crypto will grow our economy, cement American financial dominance and strengthen our entire country long into the future," he said.

Source: Economic Times July 28, 2024 09:13 UTC