Official U.S. government announcements or tax policy documents

Eric Trump Unveils U.S. Crypto Ambitions; Predicts Bitcoin Will Hit $1 Million

Dec 10, 2024, 05:36 PM

Eric Trump, son of President Donald Trump, delivered a keynote speech at the Bitcoin MENA conference in Abu Dhabi, affirming the Trump administration's commitment to making the United States the "crypto capital of the world" through clear and sensible regulation. He emphasized that his family has been "big fans of crypto for a long time" and believes that "cryptocurrencies are the future." Criticizing traditional banking systems as "slow" and "antiquated," he stated, "There's nothing in banking that can't be done more efficiently than using blockchain." Eric Trump also revealed that President Trump has pledged to make cryptocurrency tax-free in the United States to foster innovation and global leadership in the digital currency space. He criticized current regulatory actions, saying, "In America they've waged war against cryptocurrency. They've sued everybody. They've gone after them using the SEC." Additionally, he remarked, "Every country in the world is embracing crypto," highlighting the need for the U.S. to lead in this sector. Eric Trump also predicted that Bitcoin would reach $1 million, reflecting strong optimism about its potential growth.