Donald Trump, after winning the presidency of the United States with 277 electoral votes against just over 240 for Kamala Harris, has outlined several actions that he will take from the first day of his new mandate. However, these promises do not include any specific actions related to bitcoin (BTC) or cryptocurrencies, at least not for now.
During his third presidential campaign, Trump it was clear about his immediate plans upon returning to the Oval Office. Among them, those that have to do with the deportation of illegal migrants.
“On day one, I will launch the largest deportation program in American history to remove criminals,” he declared during a campaign rally in New York last weekend. “I will rescue all the cities and towns that have been invaded and conquered, and we will put these vicious, bloodthirsty criminals in jail, and then I will expel them from our country as quickly as possible,” he said.
Trump also mentioned that he will use local police and the National Guard to locate illegal migrants throughout the country.
Another of the first actions will be to fire special prosecutor Jack Smith, who brought two federal cases against him. “We won immunity in the Supreme Court. It’s very easy. I’d fire him in two seconds. It will be one of the first things that will be addressed,” Trump said in an interview on the “Hugh Hewitt Show” on October 24, although He didn’t mention anything about firing Gary Gensler, president of the Securities and Exchange Commission (SEC), which is one of the great expectations of the bitcoin and cryptocurrency community.
Besides, Trump promised to free some of those convicted of the January 6 riots. “I am inclined to pardon many of them. “I can’t say for every one of them, because a couple of them probably got out of control,” he wrote on his social media platform last March, where he made no mention of the release of Ross Ulbricht, creator of Silk Road.
Another initiative is to provide green cards to college graduates. “(What) I want to do, and I will do, is if you graduate from a university, I think you should automatically get, as part of your diploma, a green card to be able to stay in this country. That also includes university colleges,” the now president-elect recently mentioned, who seems to have in mind prioritizing other issues without considering the promises made to bitcoiners.
Not a mention of bitcoin
Although Bitcoin is not among the first day promises, Trump has been favorable to crypto assets, promising that the United States would become the world center of the ecosystem if elected.
It even launched a DeFi platform that underlines its commitment. There are several proposals that Trump made in recent months, including favorable regulations for the industry, rejection of central bank digital currencies (CBDC)defense of self-custody, and development of Bitcoin mining, as reported by CriptoNoticias.
Trump has proposed creating a strategic bitcoin reserve, as reported by CriptoNoticias. However, despite these promises, the community shows skepticism, based on uncertainty about how these promises will translate into concrete and effective policies for the ecosystem.
This article was created using artificial intelligence and edited by a human Editor.