Trump has made crypto assets (virtual currencies) one of the core policies of the next Trump administration.
In an exclusive interview with Benzinga, Eric Trump said, "I want to make the United States a global hub for crypto assets."
"I will work with my father, Trump, to achieve this goal," he said. He strongly criticized the current administration and regulators, especially SEC Chairman Gary Gensler.
"The Biden administration does not understand crypto and is ignoring the community. On the other hand, my father is a completely different app.
"He will take the bait," he said, citing Trump's support for the crypto community at a Bitcoin conference.
Next, he spoke about the Trump administration's cryptocurrency policy vision: "Wise
He said he would propose "regulations and investor-friendly tax incentives" to "make cryptocurrencies a major asset class in the United States." He said Trump would allocate a portion of the U.S. government's financial assets to cryptocurrencies under certain conditions.
He said he is considering exempting cryptocurrency investments from taxes under the current law. He also said he personally invests in major cryptocurrencies such as Bitcoin, Ethereum, Solana, and Sui.
"The modern banking system is outdated and inefficient. Blockchain technology can replace and revolutionize it," he said, describing himself as "very optimistic about crypto assets."
He emphasized the importance of DeFi, claiming that "the government's attack on the crypto community is similar to the political oppression inflicted on our family," and said that the next administration will strengthen the crypto industry.
As the Trump Administration unveils its vision for building a new financial system centered around crypto assets, how will this impact the economy and technological innovation?
It will be interesting to see how this works.
2025/01/16 10:56 KST
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