Trump Declares End of Biden's Electronic Money Policy

At the FII PRIORITY summit in Miami Beach, President Donald Trump declared on Wednesday that his executive orders had thwarted what he described as the Biden administration's restrictive stance on Bitcoin and cryptocurrencies. Trump emphasizes efforts to make the United States a leading country in artificial intelligence and digital asset innovation. "I have signed orders to keep America at the forefront of AI and prevent Joe Biden's attacks on cryptocurrencies. That battle is over," he said. Trump criticizes the way the Securities and Exchange Commission handles cryptocurrency-related cases, describing many indictments as politically motivated, suggesting that his influence contributed to their rejection before the recent election. "Many people are accused without reason. These are people who like to accuse others," Trump remarked. “Most cases were dropped right before the election—too late to matter,” he connected voter support to the outcome, declaring, “Smart voters chose me, and those accusations vanished.” He did not specify which cases were dropped or provide evidence of political bias. The president has rejected the claims about the political motives behind his decisions, considering them principled actions. "I act based on what is right, not politics. Leading in every field is important," he asserted. Cryptocurrency supporters have long criticized the SEC for vigorous enforcement, which they believe will stifle growth. Trump's comments come amid ongoing debates about the clarity of regulations for digital assets. Trump also aligns his support for his cryptocurrency with the recent performance of Bitcoin, noting the continuous peak prices of this currency. "Bitcoin reached a record high because people believe in my plan to turn the US into a cryptocurrency hub," he said. ETHNews analysts warn that there are many factors influencing the price of cryptocurrencies, including global economic trends and the adoption by institutions. Observers note that the value has fluctuated in response to legal developments, although the direct causes are still being debated. These comments fit into Trump's broader campaign theme of economic competitiveness and deregulation. While his previous cryptocurrency policies have sparked significant backlash, his latest commitments target voters in the technology and finance sectors.