The four-year presidential election in the United States will be officially held on November 5 this year. Former US President Trump (Donald Trump), who represents the Republican Party, is actively soliciting votes and challenging Current US President Joe Biden is fighting for re-election.

Due to the Biden administration, the U.S. SEC and other regulatory agencies have continued to put pressure on the cryptocurrency field, and Trump has publicly supported cryptocurrency many times recently, which has also made the U.S. election heavily focused on cryptocurrency. People in the industry are paying attention, and even the policies of both parties towards the Web3 industry have become one of the important issues that may affect the election.

Trump: If elected, he will build Florida into an encryption city

Just yesterday (17), according to a report by foreign media "ibtimes", Trump once again publicly supported Cryptocurrency, claiming that if elected he will ensure the advancement of a large number of cryptocurrency activities in Florida: If I am elected, a large part of the U.S. digital asset industry will be established in Florida, where I live.

Florida’s Cryptocurrency-Friendly Policies

It is understood that Florida is the most friendly state in the United States in terms of cryptocurrency taxation, and all cryptocurrency activities here will not be taxed Income Tax. At the same time, Florida has recently launched a cryptocurrency pilot program, allowing major businesses to use cryptocurrency to pay state fees.

According to a previous study by Invezz, Florida has also been identified as the cryptocurrency capital of the United States. It has the largest Bitcoin ATM in the United States and hundreds of blockchain companies. At the same time, the public has no interest in cryptocurrency. The interest rate is also one of the highest in the state.

In addition, in March 2023, Florida Governor Ron De Santis also proposed a bill to ban CBDC (central bank digital currency) locally. He claimed that CBDC is a means for the Biden administration to weaponize the financial sector. New This bill will prevent the people of Florida from being affected by this.

Given that Florida already has a number of cryptocurrency-friendly policies, it can be expected that if Trump is really elected, he will accelerate the promotion of the above policies so that the region will continue to provide an environment friendly to the Web3 industry.

Trump Says Will End Biden’s Cryptocurrency War

During the Biden administration, the U.S. Securities and Exchange Commission (SEC) and its Chairman Gary Genslar have repeatedly publicly named almost everyone in the market. All cryptocurrencies are securities, including SOL, ADA, MATIC... Even though the SEC currently approved the 19b-4 application documents for the Ethereum spot ETF after approving the listing and trading of the Bitcoin spot ETF, it still has not explicitly recognized ETH as a commodity. Attributes.

However, in his 78th birthday speech on the 15th last week, Trump made it clear that he would oppose all the Biden administration’s suppression of cryptocurrencies and strive to make the future of cryptocurrencies and Bitcoin Rooted in the United States and supporting Bitcoin mining: I will end Biden’s war on cryptocurrencies and ensure that the future of cryptocurrencies and the future of Bitcoin will be Made in the United States (Madein USA). Vote for Trump! Bitcoin mining may be our last line of defense against central bank digital currencies (CBDCs). Biden’s hatred of Bitcoin will only help Russia and the radical left. We want all remaining Bitcoins to be made in the United States! ! ! This will help us become energy dominant! ! !

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