Binance Square

CBDC

10.3M views
16,538 Discussing
Shaiz Crypto
--
🔥 FIREBLOCKS: 90% of Banks Launching Stablecoins According to Fireblocks, a leading crypto custody and infrastructure platform, 90% of global banks are now working on launching or experimenting with stablecoins. 💡 Key Drivers Behind the Surge: • Cross-border B2B payments – Traditional systems like SWIFT are slow and costly. • Transaction speed & efficiency – Stablecoins offer real-time settlements. • Lower fees – Reducing intermediaries means cheaper transactions. • Transparency & security – Blockchain tech ensures immutable and auditable records. 🏦 What This Could Mean for the Future: • Mass adoption of blockchain in traditional finance. • Increased interoperability between banks and digital assets. • New regulatory frameworks will likely emerge to govern stablecoin issuance. 🪙 Bonus Insight: This also puts pressure on CBDC (Central Bank Digital Currency) initiatives — if private banks are this aggressive, central banks may need to accelerate their efforts. #cbdc #DigitalAssets #share
🔥 FIREBLOCKS: 90% of Banks Launching Stablecoins

According to Fireblocks, a leading crypto custody and infrastructure platform, 90% of global banks are now working on launching or experimenting with stablecoins.

💡 Key Drivers Behind the Surge:
• Cross-border B2B payments – Traditional systems like SWIFT are slow and costly.
• Transaction speed & efficiency – Stablecoins offer real-time settlements.
• Lower fees – Reducing intermediaries means cheaper transactions.
• Transparency & security – Blockchain tech ensures immutable and auditable records.

🏦 What This Could Mean for the Future:
• Mass adoption of blockchain in traditional finance.
• Increased interoperability between banks and digital assets.
• New regulatory frameworks will likely emerge to govern stablecoin issuance.

🪙 Bonus Insight:

This also puts pressure on CBDC (Central Bank Digital Currency) initiatives — if private banks are this aggressive, central banks may need to accelerate their efforts.

#cbdc #DigitalAssets #share
🚨 BREAKING: FRANCE TESTS RIPPLE FOR DIGITAL EURO 🇫🇷 Historic Move: Banque de France confirms successful testing of Ripple's ledger technology for CBDC integration, marking: ✅ First major EU central bank to trial XRP tech ✅ Critical step toward Eurozone blockchain adoption ✅ Potential $500B+ liquidity bridge for XRP 💎 Why This Matters: Institutional Validation: French CBDC could launch 2025 XRP Utility Surge: Cross-border euro settlements incoming Domino Effect: Germany, Italy now likely to follow 🚀 3 Strategic Moves: 1️⃣ Position in XRP Now → [0% Fees](https://accounts.binance.com/en/register?ref=YAW7SIBT) 2️⃣ Trade the News Volatility → [VIP Futures](https://www.binance.com/en/activity/trading-competition/futures-roi-april?ref=YAW7SIBT) 3️⃣ Claim $50 Free → [Boost Holdings](https://www.binance.com/referral/earn-together/refertoearn2000usdc/claim?hl=es-ES&ref=GRO_14352_GOUAR) ✨ Support Our EU Intel: If this exclusive alert helps you trade, leave a tip! We monitor 30+ CBDC projects. ⚠️ Timeline: Full rollout decision expected Q1 2025 #xrp #Ripple #digitaleuro #CBDC
🚨 BREAKING: FRANCE TESTS RIPPLE FOR DIGITAL EURO

🇫🇷 Historic Move: Banque de France confirms successful testing
of Ripple's ledger technology for CBDC integration, marking:

✅ First major EU central bank to trial XRP tech

✅ Critical step toward Eurozone blockchain adoption

✅ Potential $500B+ liquidity bridge for XRP

💎 Why This Matters:

Institutional Validation: French CBDC could launch 2025
XRP Utility Surge: Cross-border euro settlements incoming
Domino Effect: Germany, Italy now likely to follow

🚀 3 Strategic Moves:

1️⃣ Position in XRP Now → 0% Fees

2️⃣ Trade the News Volatility → VIP Futures

3️⃣ Claim $50 Free → Boost Holdings

✨ Support Our EU Intel:

If this exclusive alert helps you trade, leave a tip! We monitor 30+ CBDC projects.

⚠️ Timeline: Full rollout decision expected Q1 2025

#xrp #Ripple #digitaleuro #CBDC
Nanofoz:
The signs are everywhere.
Central banks want control. Bitcoin offers choice. With CBDCs (Central Bank Digital Currencies) on the rise, governments promise efficiency—but bring surveillance. Every transaction traceable. Every wallet controllable. Now ask yourself: Would you rather hold programmable money they can freeze… or permissionless money no one can touch? $BTC {future}(BTCUSDT) isn’t just digital—it’s sovereign. In a world of centralized digital cash, Bitcoin is your exit. #Bitcoin #CBDC #CryptoFreedom #Binance #Shibarium
Central banks want control. Bitcoin offers choice.

With CBDCs (Central Bank Digital Currencies) on the rise, governments promise efficiency—but bring surveillance.
Every transaction traceable. Every wallet controllable.

Now ask yourself:
Would you rather hold programmable money they can freeze…
or permissionless money no one can touch?

$BTC
isn’t just digital—it’s sovereign.
In a world of centralized digital cash, Bitcoin is your exit.

#Bitcoin #CBDC #CryptoFreedom #Binance #Shibarium
🚨 BREAKING: 🇺🇸 Wyoming to launch $WYST — the first fully-reserved, fiat-backed stablecoin issued by a U.S. public entity. A new era for state-backed digital dollars begins 💵🔥 #Stablecoin #CryptoNews #DeFi #CBDC
🚨 BREAKING: 🇺🇸 Wyoming to launch $WYST — the first fully-reserved, fiat-backed stablecoin issued by a U.S. public entity.

A new era for state-backed digital dollars begins 💵🔥

#Stablecoin #CryptoNews #DeFi #CBDC
See original
BOLIVIAN digital #Bolivia #CBDC The Central Bank of Bolivia is working on the design of a digital currency, also known as CBDC (Central Bank Digital Currency), to modernize the payment system and facilitate international transactions. This project, called "virtual boliviano", aims to improve the payment ecosystem in Bolivia. The digital currency aims to facilitate transactions and enhance the efficiency of the Bolivian financial system. The CBDC could facilitate money transfers across borders and reduce associated costs. The project will be presented on the bicentennial of Bolivia's independence, on August 6. Bolivia lifted the prohibition on using the financial system to buy cryptocurrencies in June 2024. The Central Bank of Bolivia has been working on the design of the CBDC since 2023. The CBDC is expected to be used as an alternative to dollars and other foreign currencies for international transactions.
BOLIVIAN digital

#Bolivia #CBDC

The Central Bank of Bolivia is working on the design of a digital currency, also known as CBDC (Central Bank Digital Currency), to modernize the payment system and facilitate international transactions. This project, called "virtual boliviano", aims to improve the payment ecosystem in Bolivia.

The digital currency aims to facilitate transactions and enhance the efficiency of the Bolivian financial system.

The CBDC could facilitate money transfers across borders and reduce associated costs.

The project will be presented on the bicentennial of Bolivia's independence, on August 6.

Bolivia lifted the prohibition on using the financial system to buy cryptocurrencies in June 2024.

The Central Bank of Bolivia has been working on the design of the CBDC since 2023.

The CBDC is expected to be used as an alternative to dollars and other foreign currencies for international transactions.
🌍 Top 5 Crypto Trends That Will Change the World in 2025! The crypto landscape is evolving rapidly, and 2025 is set to bring groundbreaking changes. From AI-powered blockchains to CBDCs, here are the top trends that will reshape global finance, technology, and society. 1️⃣ AI & Blockchain Integration 🤖 🔹 Artificial Intelligence (AI) is revolutionizing crypto projects like Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). AI-driven smart contracts and automated trading will enhance efficiency, security, and scalability in DeFi and Web3. 2️⃣ Mass Adoption of Central Bank Digital Currencies (CBDCs) 💵 🔹 Countries like China, the EU, and the U.S. are accelerating their CBDC development. The Digital Yuan and Digital Euro will compete with cryptocurrencies, raising concerns about financial surveillance and decentralization. 3️⃣ Bitcoin Layer-2 & Ordinals Expansion ⚡ 🔹 Bitcoin isn’t just digital gold anymore. Layer-2 solutions like the Lightning Network and Stacks (STX) are boosting BTC’s transaction speed and scalability. Meanwhile, Bitcoin Ordinals (BRC-20 tokens) are bringing NFTs and DeFi to Bitcoin, challenging Ethereum’s dominance. 4️⃣ The Rise of Real-World Asset (RWA) Tokenization 🌐 🔹 Real estate, stocks, and commodities are being tokenized on blockchain, unlocking trillions in liquidity. BlackRock, JPMorgan, and major institutions are exploring Ethereum (ETH), Avalanche (AVAX), and Polygon (MATIC) for RWA tokenization. 5️⃣ Web3 Gaming & Metaverse Expansion 🎮 🔹 Play-to-earn (P2E) and metaverse gaming will go mainstream in 2025, powered by Immutable (IMX), Gala Games (GALA), and The Sandbox (SAND). Big brands are entering the space, creating new virtual economies with crypto-native assets. 💡 Which crypto trend excites you the most? Drop your thoughts below! 👇 #crypto2025 #Bitcoin #Ethereum #CBDC #Aİ
🌍 Top 5 Crypto Trends That Will Change the World in 2025!

The crypto landscape is evolving rapidly, and 2025 is set to bring groundbreaking changes. From AI-powered blockchains to CBDCs, here are the top trends that will reshape global finance, technology, and society.

1️⃣ AI & Blockchain Integration 🤖

🔹 Artificial Intelligence (AI) is revolutionizing crypto projects like Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). AI-driven smart contracts and automated trading will enhance efficiency, security, and scalability in DeFi and Web3.

2️⃣ Mass Adoption of Central Bank Digital Currencies (CBDCs) 💵

🔹 Countries like China, the EU, and the U.S. are accelerating their CBDC development. The Digital Yuan and Digital Euro will compete with cryptocurrencies, raising concerns about financial surveillance and decentralization.

3️⃣ Bitcoin Layer-2 & Ordinals Expansion ⚡

🔹 Bitcoin isn’t just digital gold anymore. Layer-2 solutions like the Lightning Network and Stacks (STX) are boosting BTC’s transaction speed and scalability. Meanwhile, Bitcoin Ordinals (BRC-20 tokens) are bringing NFTs and DeFi to Bitcoin, challenging Ethereum’s dominance.

4️⃣ The Rise of Real-World Asset (RWA) Tokenization 🌐

🔹 Real estate, stocks, and commodities are being tokenized on blockchain, unlocking trillions in liquidity. BlackRock, JPMorgan, and major institutions are exploring Ethereum (ETH), Avalanche (AVAX), and Polygon (MATIC) for RWA tokenization.

5️⃣ Web3 Gaming & Metaverse Expansion 🎮

🔹 Play-to-earn (P2E) and metaverse gaming will go mainstream in 2025, powered by Immutable (IMX), Gala Games (GALA), and The Sandbox (SAND). Big brands are entering the space, creating new virtual economies with crypto-native assets.

💡 Which crypto trend excites you the most? Drop your thoughts below! 👇

#crypto2025 #Bitcoin #Ethereum #CBDC #Aİ
#bitcoin is freedom Governments say if you don’t have anything to hide, you shouldn’t be afraid of a #CBDC… But as a human being, you have the right to retain access to privacy… It’s not about hiding something; it’s about preserving your freedom.
#bitcoin is freedom

Governments say if you don’t have anything to hide, you shouldn’t be afraid of a #CBDC… But as a human being, you have the right to retain access to privacy… It’s not about hiding something; it’s about preserving your freedom.
🔶️😇 Yep Charles got it right ✅️ 💯 Cardona founder on Twitter about #CBDC
🔶️😇

Yep Charles got it right ✅️ 💯

Cardona founder on Twitter about #CBDC

See original
Summary of Important News from January 20-26, 2025The past week has witnessed many notable events in the cryptocurrency and fintech sectors, from national policies to technological advancements. Below are the highlights: 1. Donald Trump Bans CBDC in the U.S. Former President Donald Trump signed the first executive order of his term, officially banning the issuance and use of central bank digital currency (CBDC) in the United States. Trump emphasized that #CBDC is a "dangerous threat to freedom" and committed to supporting stablecoins as an alternative.

Summary of Important News from January 20-26, 2025

The past week has witnessed many notable events in the cryptocurrency and fintech sectors, from national policies to technological advancements. Below are the highlights:
1. Donald Trump Bans CBDC in the U.S.
Former President Donald Trump signed the first executive order of his term, officially banning the issuance and use of central bank digital currency (CBDC) in the United States. Trump emphasized that #CBDC is a "dangerous threat to freedom" and committed to supporting stablecoins as an alternative.
🚨 JUST IN: Chinese Communist Party media drops a key article on crypto 🇨🇳🔥 Key takeaways: 🔹 #Bitcoin is too volatile for currency but has investment value. 🔹 Dollar stablecoins could strengthen U.S. financial dominance. 🔹 China must accelerate digital yuan & asset development. 🔹 Token adoption can boost the yuan’s global influence. 🔹 Risk control is crucial to counter U.S. stablecoins. Big implications for #crypto & geopolitics! 🌍💰 #CBDC #Stablecoins #AqibAlpha #CryptoNewsFlash
🚨 JUST IN: Chinese Communist Party media drops a key article on crypto 🇨🇳🔥

Key takeaways:
🔹 #Bitcoin is too volatile for currency but has investment value.
🔹 Dollar stablecoins could strengthen U.S. financial dominance.
🔹 China must accelerate digital yuan & asset development.
🔹 Token adoption can boost the yuan’s global influence.
🔹 Risk control is crucial to counter U.S. stablecoins.

Big implications for #crypto & geopolitics! 🌍💰

#CBDC #Stablecoins #AqibAlpha #CryptoNewsFlash
The United Arab Emirates (UAE) will launch its Digital Dirham (CBDC) in late 2025. This new digital currency, created by the Central Bank of the UAE (CBUAE), aims to make payments more secure, faster, and transparent. It will also help prevent financial crimes and boost innovation in the country’s financial system. Key Features of the Digital Dirham (Ð): Blockchain-Based System: The Digital Dirham (Ð) will use blockchain technology to ensure safe and transparent transactions for everyone. Digital Wallet: People and businesses can store and use the Digital Dirham (Ð) through a secure digital wallet, making payments easier, whether in shops or across borders. Smart Contracts & Tokenization: The currency will support smart contracts, which allow automatic and trustworthy transactions without middlemen. It will also enable tokenization, making it easier to trade assets like real estate or company shares in smaller, more accessible portions. This digital upgrade will modernize the UAE’s financial system and make everyday transactions simpler and more efficient. #CBDC
The United Arab Emirates (UAE) will launch its Digital Dirham (CBDC) in late 2025. This new digital currency, created by the Central Bank of the UAE (CBUAE), aims to make payments more secure, faster, and transparent. It will also help prevent financial crimes and boost innovation in the country’s financial system.

Key Features of the Digital Dirham (Ð):

Blockchain-Based System: The Digital Dirham (Ð) will use blockchain technology to ensure safe and transparent transactions for everyone.

Digital Wallet: People and businesses can store and use the Digital Dirham (Ð) through a secure digital wallet, making payments easier, whether in shops or across borders.

Smart Contracts & Tokenization: The currency will support smart contracts, which allow automatic and trustworthy transactions without middlemen. It will also enable tokenization, making it easier to trade assets like real estate or company shares in smaller, more accessible portions.

This digital upgrade will modernize the UAE’s financial system and make everyday transactions simpler and more efficient.

#CBDC
🤔🧐DUBAI IS SET TO LAUNCH BLOCKCHAIN BASED #CBDC IN 2025 + #Ripple IS THE FIRST AUTHORIZED BLOCKCHAIN PROVIDER IN DUBAI☝️☝️💥💥💥💥💥#Xrp🔥🔥
🤔🧐DUBAI IS SET TO LAUNCH BLOCKCHAIN BASED #CBDC IN 2025 + #Ripple IS THE FIRST AUTHORIZED BLOCKCHAIN PROVIDER IN DUBAI☝️☝️💥💥💥💥💥#Xrp🔥🔥
Here's a concise summary of the key points from the article: Regulatory Framework for Stablecoins: HKMA Deputy Chief Executive Chan Wai-man announced progress on establishing a regulatory framework for stablecoin issuance. This framework is intended to support the broader development of Hong Kong's cryptocurrency ecosystem. Legislative Review: The related legislation is currently under review by the Legislative Council, with expectations for approval in the coming months. Risk Management Focus: The HKMA is carefully assessing potential operational risks tied to stablecoins, such as reserve asset management, liquidity issues, and anti-money laundering (AML) measures. This review is aimed at ensuring that licensed issuers have the means to manage risks effectively and maintain sustainable business practices. Long-Term Virtual Asset Roadmap: Chan highlighted that Hong Kong has a well-established roadmap for virtual asset development. In collaboration with the Hong Kong Securities and Futures Commission, responsibilities have been clearly divided to bolster Hong Kong's position as a leading cryptocurrency hub. CBDC Development: Hong Kong has been developing a central bank digital currency (CBDC), expected to enhance cross-border payments, reduce transaction costs, and promote international trade, while also exploring the potential of tokenization. This summary captures the main themes and strategic initiatives discussed in the article. #CBDC $USDC {spot}(USDCUSDT)
Here's a concise summary of the key points from the article:

Regulatory Framework for Stablecoins:
HKMA Deputy Chief Executive Chan Wai-man announced progress on establishing a regulatory framework for stablecoin issuance. This framework is intended to support the broader development of Hong Kong's cryptocurrency ecosystem.

Legislative Review:
The related legislation is currently under review by the Legislative Council, with expectations for approval in the coming months.

Risk Management Focus:
The HKMA is carefully assessing potential operational risks tied to stablecoins, such as reserve asset management, liquidity issues, and anti-money laundering (AML) measures. This review is aimed at ensuring that licensed issuers have the means to manage risks effectively and maintain sustainable business practices.

Long-Term Virtual Asset Roadmap:
Chan highlighted that Hong Kong has a well-established roadmap for virtual asset development. In collaboration with the Hong Kong Securities and Futures Commission, responsibilities have been clearly divided to bolster Hong Kong's position as a leading cryptocurrency hub.

CBDC Development:
Hong Kong has been developing a central bank digital currency (CBDC), expected to enhance cross-border payments, reduce transaction costs, and promote international trade, while also exploring the potential of tokenization.

This summary captures the main themes and strategic initiatives discussed in the article.

#CBDC $USDC
#CryptoMarketRebound : A Rigged Stage, and You’re the Prey 3 red flags you can’t ignore. It’s March 12, 2025, and the crypto market looks like a warzone $BTC ’s bruised, altcoins are flatlining, yet the buzz of a rebound is growing louder. Random luck? Don’t be naive. 1. Whales Are Luring You Into a Meat Grinder The Conspiracy: Whales those elusive crypto titans hoarding $BTC by the truckload. They crash the market to scare you out, then, when despair peaks (BTC at $74k), they ignite a pump 10-15% in a blink. X lights up with “bull run!” screams, FOMO grips you, and you buy in. Too late. They dump their stacks, prices tank, and you’re broke while they sip champagne. My Angle: Those eerie volume pops on Binance at 3 AM UTC? That’s not retail noise—it’s a rehearsal. Whales know your every move. I’d stake my wallet that they’re baiting us for a slaughter. 2. Trump and the Fed Are Pulling a Crypto Coup The Conspiracy: Trump’s “crypto king” persona? Pure theater. X whispers he’s teamed up with the Fed to orchestrate this rebound, fattening the market for a kill shot—think altcoin bans or suffocating laws. The endgame? #CBDC to crush BTC and chain us to their system. My Angle: Those secret OTC buys by Wall Street sharks aren’t goodwill they’re moves in a grand chess match. The Fed’s tight lips on rates? A loaded gun. I say if this rebound kicks off, snag quick gains on BTC or $ETH , then bolt to USDT. This isn’t freedom; it’s a leash being tightened. 3. A Mega Hack Lurks Behind the Rebound Curtain The Conspiracy: Imagine a top exchange Binance, maybe a sleeper—silently breached months ago. Hackers are patient, waiting for this rebound to juice prices before they gut billions from the system. The hype’s a smokescreen; panic’s the encore. FTX wasn’t the last disaster. My Angle: Those hot wallet quirks popping up on X? That’s no glitch it’s a ticking bomb.
#CryptoMarketRebound : A Rigged Stage, and You’re the Prey
3 red flags you can’t ignore.

It’s March 12, 2025, and the crypto market looks like a warzone $BTC ’s bruised, altcoins are flatlining, yet the buzz of a rebound is growing louder. Random luck?
Don’t be naive.

1. Whales Are Luring You Into a Meat Grinder
The Conspiracy: Whales those elusive crypto titans hoarding $BTC by the truckload. They crash the market to scare you out, then, when despair peaks (BTC at $74k), they ignite a pump 10-15% in a blink.
X lights up with “bull run!” screams, FOMO grips you, and you buy in. Too late. They dump their stacks, prices tank, and you’re broke while they sip champagne.

My Angle: Those eerie volume pops on Binance at 3 AM UTC? That’s not retail noise—it’s a rehearsal. Whales know your every move. I’d stake my wallet that they’re baiting us for a slaughter.

2. Trump and the Fed Are Pulling a Crypto Coup
The Conspiracy: Trump’s “crypto king” persona? Pure theater. X whispers he’s teamed up with the Fed to orchestrate this rebound, fattening the market for a kill shot—think altcoin bans or suffocating laws.
The endgame? #CBDC to crush BTC and chain us to their system.
My Angle: Those secret OTC buys by Wall Street sharks aren’t goodwill they’re moves in a grand chess match. The Fed’s tight lips on rates? A loaded gun.
I say if this rebound kicks off, snag quick gains on BTC or $ETH , then bolt to USDT. This isn’t freedom; it’s a leash being tightened.

3. A Mega Hack Lurks Behind the Rebound Curtain
The Conspiracy: Imagine a top exchange Binance, maybe a sleeper—silently breached months ago. Hackers are patient, waiting for this rebound to juice prices before they gut billions from the system. The hype’s a smokescreen; panic’s the encore. FTX wasn’t the last disaster.
My Angle: Those hot wallet quirks popping up on X?
That’s no glitch it’s a ticking bomb.
Trump pledges support for Bitcoin mining in America: "It's the last line of defense against CBDC"The presidential candidate met with mining company executives and wrote that thanks to them, the US can maintain "energy dominance"; Mining company stocks surged following the statement. Donald Trump, the leading presidential candidate for the Republican Party, expressed strong support for the American Bitcoin mining industry. In a post he shared on the social network Truth Social, which he owns, Trump argued that increasing local mining "may be our last line of defense against the central bank digital currency (CBDC)." "​​Biden's hatred for Bitcoin only helps China, Russia, and the extreme communist left," Trump wrote. "We want all remaining Bitcoin to be mined in the United States! This will help us become dominant energy-wise." The statement follows a meeting Trump held on Tuesday with executives from American Bitcoin mining companies CleanSpark and Riot Platforms, whose stocks are traded on NASDAQ. According to Bloomberg's report, Trump told participants that he "loves and understands digital currencies" and pledged to act on their behalf in the White House if elected. Following the meeting and Trump's statements, CleanSpark's stock (CLSK symbol) surged over 8%, while Riot Platforms' stock (RIOT symbol) climbed about 6% at the close of trading. David Bailey, CEO of Bitcoin Magazine, who attended the meeting, tweeted on his X account (formerly Twitter) that this was a "historic moment in our journey towards hyperbitcoinization." According to him, "the former and future president of the United States gathered the computing power dedicated to Bitcoin mining (hashrate) of America and committed to advancing our goal in Washington and globally. Bitcoin will flourish during the orange man's era and the orange currency." This marks a shift in Trump's approach, as during his previous tenure as president, he expressed skepticism towards Bitcoin and digital currencies. It seems that towards the 2024 election cycle, he aims to position himself as a defender of the crypto industry and to differentiate himself from the current Democratic administration perceived as less friendly to the industry. The tribute to miners joins other recent steps taken by Trump in the field, including a commitment to protect the right to self-custody of digital currencies, willingness to accept campaign donations in crypto, and issuing his own NFT collection. While most bitcoins – about 19 out of 21 million coins – have already been mined, and the US already leads with a share of 35% to 40% of the global mining, Trump's statement of support is a significant political tailwind for the industry. Now it remains to be seen whether these words will translate into policies that benefit Bitcoin miners in particular and the local crypto market in general. Nevertheless, it seems that the issue is expected to become another battleground between Republicans and Democrats in the race for the White House. #Trump #cbdc #bitcoin #bitcoinnews #pow

Trump pledges support for Bitcoin mining in America: "It's the last line of defense against CBDC"

The presidential candidate met with mining company executives and wrote that thanks to them, the US can maintain "energy dominance"; Mining company stocks surged following the statement.

Donald Trump, the leading presidential candidate for the Republican Party, expressed strong support for the American Bitcoin mining industry. In a post he shared on the social network Truth Social, which he owns, Trump argued that increasing local mining "may be our last line of defense against the central bank digital currency (CBDC)."

"​​Biden's hatred for Bitcoin only helps China, Russia, and the extreme communist left," Trump wrote. "We want all remaining Bitcoin to be mined in the United States! This will help us become dominant energy-wise."

The statement follows a meeting Trump held on Tuesday with executives from American Bitcoin mining companies CleanSpark and Riot Platforms, whose stocks are traded on NASDAQ. According to Bloomberg's report, Trump told participants that he "loves and understands digital currencies" and pledged to act on their behalf in the White House if elected. Following the meeting and Trump's statements, CleanSpark's stock (CLSK symbol) surged over 8%, while Riot Platforms' stock (RIOT symbol) climbed about 6% at the close of trading.

David Bailey, CEO of Bitcoin Magazine, who attended the meeting, tweeted on his X account (formerly Twitter) that this was a "historic moment in our journey towards hyperbitcoinization." According to him, "the former and future president of the United States gathered the computing power dedicated to Bitcoin mining (hashrate) of America and committed to advancing our goal in Washington and globally. Bitcoin will flourish during the orange man's era and the orange currency."

This marks a shift in Trump's approach, as during his previous tenure as president, he expressed skepticism towards Bitcoin and digital currencies. It seems that towards the 2024 election cycle, he aims to position himself as a defender of the crypto industry and to differentiate himself from the current Democratic administration perceived as less friendly to the industry.

The tribute to miners joins other recent steps taken by Trump in the field, including a commitment to protect the right to self-custody of digital currencies, willingness to accept campaign donations in crypto, and issuing his own NFT collection.

While most bitcoins – about 19 out of 21 million coins – have already been mined, and the US already leads with a share of 35% to 40% of the global mining, Trump's statement of support is a significant political tailwind for the industry.

Now it remains to be seen whether these words will translate into policies that benefit Bitcoin miners in particular and the local crypto market in general. Nevertheless, it seems that the issue is expected to become another battleground between Republicans and Democrats in the race for the White House.

#Trump #cbdc #bitcoin #bitcoinnews #pow
See original
​The country's attitude towards the industry means the depth of development, long-term value, and development potential of this industry in the next 10-20 years ​Wind direction = trend, trend = outlet, outlet = future ​In the future, Web3.0 metaverse will inevitably be integrated into the lives and work of each of us#BTC #cbdc #ETH #WLD $BTC $BTC $ETH
​The country's attitude towards the industry means the depth of development, long-term value, and development potential of this industry in the next 10-20 years
​Wind direction = trend, trend = outlet, outlet = future
​In the future, Web3.0 metaverse will inevitably be integrated into the lives and work of each of us#BTC #cbdc #ETH #WLD $BTC $BTC $ETH
See original
Opening the disk is still in the same position, the rhythm is as ink as ever, taking a break from the busy schedule [face covering] #BTC #BLAST #Onchain #cbdc #etf
Opening the disk is still in the same position, the rhythm is as ink as ever, taking a break from the busy schedule [face covering] #BTC #BLAST #Onchain #cbdc #etf
#CryptoUsersHit18M good news incoming)) Mass adoption is the best way to make crypto and Blockchain big! Waiting for #cbdc here in Ukraine in 2025 to get more crypto users.
#CryptoUsersHit18M good news incoming))
Mass adoption is the best way to make crypto and Blockchain big!
Waiting for #cbdc here in Ukraine in 2025 to get more crypto users.
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number