Home » Business » Trump sweeps ‘7 major battleground states’, confirmed election as 47th President of the United States – Focus on pro-cryptocurrency policy

Trump sweeps ‘7 major battleground states’, confirmed election as 47th President of the United States – Focus on pro-cryptocurrency policy

[블록미디어 최창환 기자]Donald Trump won the 47th U.S. presidential election and regained the presidency after four years. In this election, he swept all of the so-called ‘seven major battleground states’ and achieved a landslide victory in major battlegrounds.

According to foreign media, President-elect Trump won Arizona on the 9th (local time) and secured 11 additional electoral votes, securing a total of 312 electoral votes, far ahead of Vice President Harris (226). In this presidential election, the election is confirmed if a majority of the electoral college, or 270, is secured.

In particular, President-elect Trump won all of the ‘seven major battleground states’, including Georgia, North Carolina, Pennsylvania, Michigan, Wisconsin, Nevada, and Arizona. In the 2020 presidential election, he won only North Carolina among these states and lost to President Biden in the other six, but turned the tables in four years. As a result, Trump regained power by dominating the battleground states once again as in 2016.

This election was expected to be a close race between Trump and Vice President Harris, but the result ended in a landslide victory for Trump. He also won 50.5% of the general voter vote, beating Vice President Harris (48.0%). This is the first time a Republican candidate has won both the Electoral College and the popular vote since former President George W. Bush in 2004.

President-elect Trump will lead the Republican government for the next four years and is predicting changes in major policies.

In particular, President-elect Trump has pledged to lead pro-cryptocurrency policies such as the Made in Bitcoin policy. The biggest concern is how to accumulate Bitcoin as a strategic reserve asset.

President-elect Trump’s main pro-cryptocurrency policy directions are as follows.

1. Cryptocurrency deregulation and industry support
President-elect Trump is expected to consider policies to ease excessive regulations on cryptocurrency and blockchain technology and strengthen the competitiveness of cryptocurrency companies in the United States. There is a high possibility that the regulation-oriented administration of the U.S. Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, will be revised. Trump announced the dismissal of Chairman Gensler.

As the Republican Party values ​​private-led economic growth and technological innovation, it is highly likely that it will create an environment in which cryptocurrency and blockchain companies can grow in the United States through tax benefits, support for attracting investment, and rapid regulatory approval. Through this, the United States is expected to pursue a strategy to establish itself as a global cryptocurrency hub.

2. Policies focused on decentralization and personal asset protection
Within the Republican Party, protection of individual assets and respect for privacy are considered important. President-elect Trump also emphasizes the decentralization and asset protection function of cryptocurrency and can implement policies such as strengthening the privacy of cryptocurrency users and suppressing excessive regulations such as asset seizure or freezing. These policies are expected to have a positive impact on the free holding and management of assets.

3. Opposition to CBDC (central bank digital currency) and protection of privacy
There is much opposition within the Republican Party on the grounds that the government’s central bank digital currency (CBDC) may raise concerns about invasion of personal privacy. President-elect Trump is also aware of this and is likely to postpone or oppose the introduction of CBDC in the United States. On the other hand, there is a positive attitude towards the expansion of private cryptocurrency and blockchain technology, and there is a possibility of establishing policies focusing on the protection of personal assets and privacy.

Breaking news through Block Media Telegram (click)

Good article to read together

“We Begin Strategic Bitcoin Stockpiling” – Senator Cynthia Rummis

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.