Government Efficiency CommissionFormer U.S. President and presidential candidate Donald Trump has reaffirmed his support for cryptocurrency and endorsed tech billionaire Elon Musk to lead a new government task force. Speaking at the Economic Club of New York on September 5, Trump reiterated his backing of the digital asset industry.
He stated that if elected, he would eliminate at least ten outdated regulations for every new one introduced.
Trump expressed gratitude toward Tesla CEO Elon Musk for his endorsement. “I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government, making recommendations for drastic reforms.” He emphasized the urgency by adding, “We need to do it, and can’t go on the way we are now.”
Trump mentioned that Musk has agreed to head the task force if his schedule permits. Musk responded in a post on September 5, saying, “I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed.”
See Related: Elon Musk Advocates Crypto Over Fiat
Trump Proposes National Bitcoin Reserve
Donald Trump has unveiled an ambitious plan to establish a national Bitcoin reserve, aiming to position the United States as a global leader in the cryptocurrency space. By creating a “stockpile” of Bitcoin, Trump seeks to bolster the U.S.’s influence in the rapidly growing crypto sector.
He stressed the importance of American leadership in this area, warning that falling behind could allow China to dominate the space. As part of the proposal, Trump plans to create a cryptocurrency presidential advisory council to guide the nation’s strategy in this evolving industry.
