Trump Vows to Champion 'Industries of the Future' Including Crypto and AI

Former President Donald Trump has pledged to make the United States a global leader in emerging technologies such as cryptocurrency and artificial intelligence if he is re-elected. Speaking at the Economic Club of New York, Trump outlined his vision for a second term, focusing on deregulation and energy production to support these industries.

Key Takeaways

• Trump aims to make the U.S. the world capital for cryptocurrency and Bitcoin.

• Plans include slashing regulations and boosting domestic energy production.

• Trump supports creating a government efficiency commission, potentially led by Elon Musk.

Embracing Emerging Technologies

Donald Trump reiterated his commitment to making the U.S. the global hub for cryptocurrency and Bitcoin. "Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin," Trump told the audience.

Trump may also have a direct role in the crypto industry as the "chief crypto advocate" for a forthcoming project tied to his family, World Liberty Finance.

Economic Overhaul Plans

During his hour-long speech, Trump laid out his plans to overhaul the U.S. economy if granted a second term. Key points included slashing regulations and promoting increased domestic energy production.

“I will launch a historic campaign to liberate our economy from crippling regulation,” Trump said. “I’m pledging today that in my second term, we will eliminate a minimum of tenfold regulations for every one new regulation.”

Boosting Domestic Energy Production

Trump added that, if elected, he will immediately issue a national emergency declaration to increase domestic energy production. He cited the need for increased electricity to continue growing the artificial intelligence sector and keep the U.S. tech industry competitive with China.

“With these sweeping authorities, we will blast through every bureaucratic hurdle to issue rapid approvals for new drilling, new pipelines, new refineries, new power plants, new electric plants, and reactors of all types. Prices will fall immediately in anticipation of this tremendous supply that we can create rather quickly, and we will be the leader instead of the laggard,” Trump said.

Government Efficiency Commission

Trump also said he will take Elon Musk up on his suggestion to create a government efficiency commission tasked with auditing the federal government’s spending and ferreting out waste. He even joked that the owner of X (formerly Twitter) and CEO of Tesla was "not busy."

Edited by Nikhilesh De and Jesse Hamilton.

Sources

• Trump Promises to Embrace ‘Industries of the Future’ Including Crypto, AI, CoinDesk.

• Trump promete abrazar las "industrias del futuro", incluidas las criptomonedas y la inteligencia artificial, CoinDesk.

• Trump promete abraçar 'indústrias do futuro', incluindo Cripto e IA, CoinDesk.

• Trump promete abraçar 'indústrias do futuro', incluindo Cripto e IA, CoinDesk.

• Трамп обещает охватить «индустрии будущего», включая Криптo и искусственный интеллект, CoinDesk.