BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Donald Trump Continues to Embrace America as the Crypto Capital of the World

by Sham
September 5, 2024
in CRYPTO, FEATURED
Reading Time: 3 mins read
A A
1
SHARES
13
VIEWS
Share on XShare in TelegramShare on Reddit

• Trump Promises to Embrace ‘Industries of the Future’ Including Crypto, AI
• If elected, he will install Elon Musk as head of a new government efficiency commission
• The former U.S. president made these promises while campaigning for the 2024 election

Former U.S. president Donald Trump has said if elected in 2024, he will install Elon Musk as head of a new government efficiency commission focused on “industries of the future” like cryptocurrencies and AI.

JUST IN: 🇺🇸 Donald Trump states he will make America the capital for crypto and #Bitcoin
pic.twitter.com/zfekOGovnb

— BlockNews.com (@blocknewsdotcom) September 5, 2024

Trump’s Statements

At a rally in Anchorage, Alaska, Trump told supporters he would ask Musk to oversee a commission tasked with making government services efficient and cost-effective by applying innovations from sectors like cryptocurrency and artificial intelligence.

Trump said Musk has his full support and confidence to “get the job done right and done quickly.” He touted Musk’s success with Tesla and SpaceX as evidence of his ability to spearhead new technologies.

The former president promised to embrace crypto, AI and other future industries to stimulate economic growth and opportunity. He argued the U.S. must be at the forefront of innovation.

Government Efficiency Plans

Trump said he and Musk would conduct a comprehensive review of all government agencies and departments to identify wasteful spending and outdated processes.

Their goal would be making services more efficient through technologies like blockchain, cryptocurrency, AI and cloud computing. Trump claimed this could save taxpayers “billions and billions of dollars.”

Trump also suggested cryptocurrencies like Bitcoin could play a role in government operations and services in the future.

Reaction

Trump’s pledge to focus on emerging tech drew mixed reactions. Some industry leaders welcomed Trump’s support. Others expressed skepticism about his ability to regulate complex innovations like cryptocurrency given his past statements.

Critics pointed to the risks of relying heavily on technologies like AI without oversight. Ethical concerns around AI and crypto would need addressing.

Overall, Trump’s promise to embrace crypto and AI signaled interest in leveraging innovations to transform government services. But realizing this vision would require concrete policies and expert input.

Conclusion

Trump’s bid to recruit Elon Musk and tap future industries like crypto and AI would represent a bold shift if implemented. With the 2024 race underway, Trump aims to show he grasps the potential of new technologies. But his plan’s viability remains uncertain. The ideas underscore the growing prominence of cryptocurrency and AI across society, however, and how they might transform government one day.

Tags: AICryptocurrenciesDonald TrumpElon Musktesla
TweetShareShare
Previous Post

Sharp Decline in Global Bitcoin ATMs Amid Rising Scam Concerns

Next Post

Mastercard Launches Crypto-based Debit Card in Europe for Over 100 Million Merchants

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.