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Donald Trump Vows To Never Allow CBDC

Former President Donald Trump has made headlines with his recent statements on digital currencies and criminal justice reform. In a bold declaration, Trump vowed to prevent the implementation of Central Bank Digital Currencies (CBDCs) in the United States, asserting that they pose a threat to economic freedom. Additionally, he expressed openness to considering clemency for Ross Ulbricht, the founder of the notorious Silk Road marketplace.

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Former President Donald Trump has made headlines with his recent statements on digital currencies and criminal justice reform. In a bold declaration, Trump vowed to prevent the implementation of Central Bank Digital Currencies (CBDCs) in the United States, asserting that they pose a threat to economic freedom. Additionally, he expressed openness to considering clemency for Ross Ulbricht, the founder of the notorious Silk Road marketplace.

Speaking at a rally, Trump criticized CBDCs as a tool for increased government control over individual finances. He argued that such digital currencies could lead to unprecedented surveillance and restrictions on personal economic activities. “We will never allow a digital currency to destroy the freedom and prosperity that our country stands for,” Trump stated, emphasizing his commitment to protecting the privacy and financial autonomy of American citizens.

In a surprising move, Trump also addressed the case of Ross Ulbricht, who is serving a life sentence without parole for his role in creating and operating the Silk Road, an online marketplace known for facilitating illegal transactions, including drug trafficking. Trump suggested that Ulbricht’s sentence might be excessively harsh and indicated that he would consider reducing it if re-elected. “Many people have expressed concerns about the severity of his punishment,” Trump remarked, “and I am open to reviewing the case and possibly commuting his sentence.”

These statements have sparked considerable debate and reaction from various quarters. Advocates for financial privacy and cryptocurrency enthusiasts have welcomed Trump’s stance against CBDCs, viewing it as a defense of economic liberty. Meanwhile, Ulbricht’s supporters, who have long campaigned for his release, see Trump’s remarks as a potential breakthrough in their efforts.

However, critics argue that blocking CBDCs could hinder the country’s financial innovation and international competitiveness. They also caution against undermining the judicial system by granting clemency to individuals convicted of serious crimes.

As Trump continues to shape his platform for a potential 2024 presidential run, his positions on these issues are likely to attract significant attention and scrutiny. The implications of his promises on digital currency and criminal justice reform could have far-reaching consequences for the future of U.S. economic policy and legal standards.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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