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Crypto

Trump Backs Bitcoin, Cites Reduced Pressure on US Dollar Amid Senate Delay

Guavy AI Editorial Team
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BTC
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President Donald Trump has expressed his support for Bitcoin and the broader web3 space. In a recent statement, he highlighted its growing use as a payment method and believes that Bitcoin's mainstream adoption helps reduce pressure on the US dollar.

Trump stated that the US leads China in adopting Bitcoin and AI technologies, indicating a shift in the global landscape.

However, he criticized the Senate for delaying the passage of the CLARITY Act, a bill intended to provide clear regulations for the cryptocurrency industry. The bill's delay has sparked concerns among industry stakeholders.

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