In a speech at the Economic Club of New York, former US President Donald Trump reiterated his support for the cryptocurrency industry and pledged to make the US the "world capital of crypto" if elected. Trump said he would eliminate a minimum of ten old regulations for every new one introduced, in order to foster innovation in the digital asset sector.

Trump also revealed plans to create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government, with the aim of recommending "drastic reforms." The former president thanked tech billionaire Elon Musk for his endorsement of this initiative, which Musk described as "badly needed" and something that "would unlock tremendous prosperity for America."

The announcement marks a continued shift in Trump's stance on cryptocurrency, having previously been critical of the industry. It also represents a notable collaboration between the former president and Musk, who have not always seen eye-to-eye on political and economic issues.

Source: https://cointelegraph.com/news/trump-vows-us-world-capital-crypto-taps-elon-musk-task-force

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