"Trump's Positive Stance on Bitcoin and Cryptocurrency"

1 min read
Source: CNBC
"Trump's Positive Stance on Bitcoin and Cryptocurrency"
Photo: CNBC
TL;DR Summary

Donald Trump, the presumptive Republican nominee for president, suggested that if re-elected, his administration would not crack down on the use of bitcoin or other cryptocurrencies using regulatory authority, stating that he has seen a lot of use of digital currency and is not sure he'd want to take it away at this point. Trump described himself as a traditionalist in terms of currency but acknowledged the prevalence of cryptocurrency, noting that many of his expensive Trump-branded sneakers were paid for with cryptocurrency.

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