The golden age of cryptocurrency is beginning: Here are Donald Trump's promises regarding Bitcoin and cryptocurrencies.

Following Donald Trump's potential victory in the U.S. elections, pre-election plans are back on the agenda. On election night, among those accompanying Trump to celebrate his possible victory were Elon Musk, Robert F. Kennedy, Jr., and Cantor Fitzgerald CEO Howard Lutnick. The common point among these three names is crypto!

Now, let's discuss Donald Trump's promises regarding Bitcoin and the cryptocurrency sector...

1. Strategic National Crypto Reserve

In July, Trump presided over the largest Bitcoin conference of the year in Nashville. In his opening speech, he stated that if he returns to the White House, he will ensure that the federal government never sells its Bitcoin assets, saying, "Our government has long violated the fundamental rule that every Bitcoin user knows by heart: Never sell your Bitcoin."

He also made the following promise regarding maintaining the current level of Bitcoin assets obtained by the U.S. through seizing assets from financial criminals:

"If elected, the policy of the United States under my administration will be to hold 100% of all Bitcoin currently held or to be acquired by the U.S. government."

2. "I will fire Gary Gensler on the first day"

Trump has promised for months to remove Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC). However, the President does not have the authority to remove the SEC chairman. Even if Trump appoints a new president, Gensler will remain a commissioner of the independent agency.

During his tenure as chairman, Gensler filed over 100 lawsuits against crypto companies. In many interviews, the SEC chairman stated that he believes most of the sector is already under his jurisdiction and that his lawsuits merely brought the sector into compliance.

Crypto companies argue that the recent legal battles have not provided the regulatory clarity the sector seeks and have instead greatly exceeded the commission's authority.

3. Bitcoin and Cryptocurrency Presidential Advisory Council

Donald Trump also promised to establish a "Bitcoin and Cryptocurrency Presidential Advisory Council." Trump stated, "The rules will be written not by those who hate your industry, but by those who love your industry," and openly expressed his concerns about Democratic Party Massachusetts Senator Elizabeth Warren, who is viewed as an existential threat by the crypto community.

4. A stablecoin to replace the U.S. dollar

Donald Trump's cryptocurrency initiative, World Liberty Financial, launched its own local token earlier this month, with the next step being to create its own stablecoin that could replace the U.S. dollar.

However, currently, the World Liberty stablecoin is still in development, and the team needs time to determine "how to make the financial product safe before launching it." Despite ongoing questions about how the World Liberty team plans to develop a reliable stablecoin, if the project comes to fruition, the Trump family could make a significant profit. Tether, the world's largest stablecoin, reported a record profit of $5.2 billion in just the first half of 2024.

5. All Bitcoins will be mined in America

In June, Bitcoin mining executives and experts met with Trump for an hour and a half in Palm Beach, Florida. During the closed-door session, Trump met for the first time with technology experts who secure the $1.5 trillion Bitcoin network by operating large banks made up of high-powered machines.

After the meeting, Trump praised Bitcoin mining on social media, saying:

"Biden's hatred for Bitcoin only helps China, Russia, and the Radical Communist Left. We want all remaining Bitcoin to be MINED IN THE USA!!! It will help us achieve ENERGY DOMINANCE!!!"

In his statement in Nashville, he added, "If cryptocurrency is going to determine the future, I want it to be mined, minted, and produced in the USA. We will produce so much electricity that you will say, 'Please, please, Mr. President, we don't want any more electricity. We can't take it!'"

6. FED interest rate cuts

In one of his statements in August, Trump said he would lower interest rates if elected.

The Federal Reserve, which guides the country's monetary policy, operates independently of the White House. Fed Chairman Jerome Powell recently cut interest rates by half a point for the first time in four years in the last interest rate decision.