Will Trump's Policies Further Support the Development of Crypto Industry?

Bittime - Marc Andreessen and Ben Horowitz, co-founders of a well-known venture capital firm in Silicon Valley, explained the reasons why they support Donald Trump in the 2024 US presidential election. According to both of them, Trump's policies will support technological development, especially blockchain.

Support for Trump

Marc Andreessen stated that he believes Trump's policies are more beneficial for technology and startups. Andreessen and Horowitz highlight that the Biden administration's over-regulation as well as plans to tax unrealized capital gains will greatly stifle innovation. In contrast, Trump's policies are considered to support the development of the technology industry, including support for AI and crypto assets.

Trump's policy towards AI

Andreessen mentioned that Trump said that although AI is very scary, the US must win the competition in this field to beat China. Trump recognized the importance of dominance in the field of AI for the US and promised to support the development of this technology without excessive regulation that could stifle innovation.

In contrast, the Biden administration's plan to strictly regulate AI is considered to put the US at a disadvantage in global competition. Regulations that are too strict could slow down technological progress and make the US unable to compete with other countries, especially China, which is also aggressively developing AI technology.

Trump's Support for Crypto Assets

Andreessen also highlighted that Trump has a regulatory plan that fully supports crypto assets, while the Biden administration's plan may be detrimental to the development of the crypto industry. Crypto assets are a fast-growing sector with huge potential for innovation and economic growth. Support from the government is very important to create a conducive environment for the growth of this industry.

Trump is considered to be more proactive in creating policies that support cryptocurrencies, which could encourage further investment and innovation in the sector. Conversely, overly strict regulations from the Biden administration could hinder growth and reduce US competitiveness in the crypto industry.

Potense Trump's policies

If Trump is re-elected as president and implements the technology-enabled policies outlined by Andreessen and Horowitz, we could see a significant increase in investment and innovation in the technology sector. Support for AI and crypto assets can drive economic growth and create new jobs.

However, while Trump's policies may be beneficial for some sectors, they must consider the long-term impact and ensure that the regulations implemented do not influence security and economic stability.

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