Trump backs Bitcoin as defense against foreign adversaries, centralized digital currency

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Former President Donald Trump called Bitcoin a key route to energy dominance, as well as the 'last line of defense' against a centralized digital currency controlled by the U.S. government.

Former President Donald Trump offered a strong endorsement of Bitcoin, claiming the cryptocurrency will help the U.S. become "energy dominant." Trump made the comments on his proprietary social media site Truth Social on Tuesday after Bitcoin Magazine called him "the best choice for Bitcoin." "VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a . Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left.

NEW COURT FILINGS SHOW SEC, CHAIR GENSLER BELIEVED ETHEREUM WAS A SECURITY FOR AT LEAST A YEAR The U.S. does not currently have such a currency, but the Federal Reserve has alluded to considering such a development in the future. The Federal Reserve states that it "has made no decisions on whether to pursue or implement a central bank digital currency" but has been "exploring the potential benefits and risks of CBDCs from a variety of angles.

 

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