Trump reaffirms pledge to end Biden’s ‘war on crypto’ at Wisconsin rally Trump reaffirms pledge to end Biden’s ‘war on crypto’ at Wisconsin rally
The statement marks Trump's latest support for the crypto sector.
2 min read
Updated: Jul. 10, 2024 at 12:54 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Republican US presidential candidate Donald Trump pledged to “end Joe Biden’s war on crypto” at a rally in Racine, Wisconsin, on June 18.
Trump said he aims to “ensure that the future of crypto and the future of Bitcoin will be made in America.” He warned that other countries will seize the opportunity if the US does not.
Trump’s campaign otherwise challenged Biden’s economic policy beyond crypto. In a statement to Reuters, Trump campaign spokesperson Anna Kelly described “higher prices, lower wages, and a stalled manufacturing industry” under Biden’s leadership.
Reuters noted that the town where the rally took place is the site of a controversial Foxconn factory. During his first term, Trump credited the factory’s construction to his pro-manufacturing policies, but the site ultimately failed to deliver the expected number of job positions.
Trump asserted that his crypto strategy would “create opportunity for young people.”
Trump’s earlier crypto promises
Trump’s latest pro-crypto promises follow other similar statements. On May 8, Trump called for support from the crypto community, stating: “If you’re in favor of crypto, you better vote for Trump.”
Later, on June 7, he pledged to end “the Biden-Gensler crusade against crypto.” Trump’s statement referred to Gary Gensler, the Biden administration’s appointed SEC chair.
On June 12, Trump said he intends to have the US mine all remaining Bitcoin and claimed that such a policy would help the country build energy dominance.
Biden approach uncertain
Amid Trump’s more vocal support of the crypto industry, Biden’s competing campaign could shift away from its allegedly harsh stance toward the industry.
Biden’s campaign is reportedly seeking input from members of the crypto industry to take an outreach approach. And, following Trump’s earlier decision to accept crypto via Coinbase Commerce, Biden’s campaign could soon do the same.
However, the Biden campaign has not adopted or confirmed either course of action. To date, only anonymous sources have reported the supposed plans.
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Author 
Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.
Joe Biden, byname of Joseph Robinette Biden Jr., is an American politician and the 46th and current president of the United States.
Gary Gensler is an American government official and former investment banker who President Joseph Biden nominated to chair the U.S.