He made his stance clear once again during a speech on Saturday, July 27, at the Bitcoin Conference 2024 in Nashville, Tennessee, saying: "There will never be a CBDC while I am president."
This statement echoes his previous comments on the matter, where he has consistently expressed strong opposition to the idea of a CBDC. He believes that such a currency would give the government too much control over people's money and could potentially lead to financial tyranny.
Trump added that he will defend the right of cryptocurrency owners for self-custody and to create a framework for the expansion of stablecoins, or cryptocurrencies whose values are pegged to reference assets, in this case, the U.S. dollar. Trump believes creating such a framework will expand the dominance of the U.S. dollar...<<<Read More>>>...