What exactly would a Trump economy look like in this country? Two assassination attempts, a memecoin, FBI raids, and Elon doing jumping jacks, and Donald Trump is now the leading candidate to become the next president of the United States of America.
But are his crypto and economic policies good for the country?
Today, we’ll tell you that and more in our latest 99Bitcoins video, ‘Donald Trump’s Crypto and Economic Policies in 2 Minutes!’
What Does a Trump Economy Look Like in 2 Minutes
At this year’s Bitcoin Nashville Conference, Trump changed everything about crypto and digital assets. In Trump’s first Bitcoin speech, he said he would:
- Fire SEC Chair Gary Gensler
- Create a Strategic BTC Stockpile (aka never sell the current US Bitcoin stack)
- Create a Crypto task force, ending antagonistic regulations against crypto within 100 days.
- Stop Operation Choke Point that was under Joe Biden
- And he won’t tax your gains 50% like the Biden-Harris administration
Imagine traveling back to 2010 and telling the co-creator of Bitcoin Hal Finney that the same guy from Home Alone 2 would create a Strategic Bitcoin Reserve.
As Trump said, “The reason I’m into Bitcoin is two words: America First.”
Here are some other new policies that Trump’s economic plan includes, which he revealed in a speech at the Economic Club of New York.
Other Trump Economic Policies Besides Crypto
The most salient economic policy Trump wants is ending Russian and Iranian sanctions. Trump has pledged to end sanctions and seek options for peace to end the Ukranian and Israeli wars.
Another centerpiece of the proposal was to create a “Department of Government Efficiency Commission,” aka DOGE – yes, this is real – to look for ways to reduce wasteful government spending. Trump said he got the idea from Tesla CEO Elon Musk and would ask him to head the commission.
"The Department of Government Efficiency is the only path to extending life beyond Earth. We will never reach Mars if Kamala wins."
一 Elon Musk pic.twitter.com/aGShHeQdsl
— DogeDesigner (@cb_doge) September 13, 2024
Elon reportedly wants to fire 80% of the Federal Government or about 3 million people.
Another of Trump’s plans was to eliminate spending on the “Green New Deal,” a Democratic-led plan against climate change. Trump also vowed to increase US oil production.
Lastly, Trump said he would keep in place tax cuts that are set to expire in 2025. He reiterated his plan to eliminate taxes on tips and Social Security payments, and there’s even a rumor that he will end capital gains taxes.
Overall, Trump has a favorable plan for crypto and AI, and if elected in November, he hopes to turn the entire economy around.
If you want to see how we rated Trump’s crypto plan, watch our full video here!
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