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The Coin Rise 2024-12-10 10:15:01

Eric Trump Envisions a Crypto-Led Future, Calls for U.S. Leadership in Innovation

Eric Trump Envisions a Crypto-Led Future, Calls for U.S. Leadership in Innovation

Eric Trump, American businessman and son of President-elect Donald Trump, has expressed confidence in blockchain technology surpassing traditional banking systems, citing inefficiencies in the current financial infrastructure. Speaking to CNBC’s Dan Murphy on December 9 in Abu Dhabi before his keynote at the Bitcoin Conference, Trump highlighted blockchain’s transformative potential and underscored the urgency for the U.S. to lead in crypto innovation. Blockchain vs. Antiquated Banking Systems Trump also criticized the sluggishness of traditional banking processes, pointing out that blockchain can deliver superior efficiency. “If you live in America, getting a home loan can take 90 days,” he remarked, emphasizing that such delays often result in missed opportunities. “There is nothing on blockchain that can’t be done better, faster, and substantially cheaper, without the need for pushing paper.” He asserted that blockchain technology is poised to disrupt antiquated financial systems by providing quicker, more transparent, and cost-effective solutions. This paradigm shift, Trump argued, could further redefine global financial ecosystems. Trump Calls for U.S. Leadership in Crypto Regulation Trump also stressed the importance of the U.S. embracing crypto regulation to avoid falling behind other nations. “Every country in the world is embracing crypto in one form or another,” he noted, warning that America risks being “left behind” if it fails to act decisively. With hundreds of pro-crypto candidates winning seats in Congress, Trump suggested that a favorable regulatory framework is on the horizon. “We will have a clear road map, and hopefully the rest of the world follows that,” he said, envisioning a future where the U.S. becomes the global leader in crypto adoption and innovation. Beyond blockchain, Trump revealed that Elon Musk, CEO of X, is also set to play a pivotal role in his father’s administration. Musk, alongside Vivek Ramaswamy, will co-lead the newly formed Department of Government Efficiency (DOGE) . Trump stated that their mission is to foster innovation by reducing bureaucratic barriers. As a key figure in the decentralized finance platform World Liberty Financial, Trump’s advocacy for blockchain technology and crypto regulation signals a potentially transformative era for the industry under the new administration. The post Eric Trump Envisions a Crypto-Led Future, Calls for U.S. Leadership in Innovation appeared first on TheCoinrise.com .

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