New York: Republican nominee Donald Trump has vowed to eliminate taxes on Social Security payments for seniors, bring peace to West Asia, and make the US a "Bitcoin superpower" if he returns to the White House after the November 2024 elections.
Pledging to turn the US into the "crypto capital of the planet and the Bitcoin superpower of the world" the former president unveiled a plan to unlock the potential of the fledgling industry. He also promised to appoint an advisory council to frame his administration's cryptocurrency policy, fire Gary Gensler, the current head of the Securities and Exchange Commission (SEC), which oversees the industry; and free a jailed American who ran the Silk Route market, a dark-net platform, by commuting his life-term sentence to time served in jail.
Having once called cryptocurrency -- digital money that is not backed by any central bank -- a "sham", Trump has embraced it in recent months. He said in a speech to an annual conference of the industry in Nashville that Bitcoin -- a type of cryptocurrency -- "stands for freedom, sovereignty, and independence from government coercion".
"This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world," he said. "We'll get it done. If crypto is going to define the future, I want it to be mined and made in the USA. It's not going to be made anywhere else. I want America to be the nation that leads the way. And that's what's going to happen, though, you're going to be very happy with me," he added.
In a statement released by the Trump campaign after he met with Israeli Prime Minister Benjamin Netanyahu, the former President said he would make every effort to bring peace to the Middle East and combat anti-Semitism from spreading throughout college campuses across the United States".
According to a Bloomberg report, he vowed to eliminate taxes on Social Security payments for seniors, a move that would cut levies for some elderly Americans but further strain benefits for those who have yet to retire. “Seniors should not pay taxes on Social Security and they won’t,” Trump said at a rally in Harrisburg, Pennsylvania.
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Republican Vice Presidential nominee JD Vance. (Photo courtesy: JD Vance/Facebook)
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