WASHINGTON: Donald Trump, once a cryptocurrency skeptic, vowed Saturday to be a “pro-bitcoin president” if elected in November, as the Republican nominee sought backing from an industry irked by US regulations.
“The Biden-Harris administration’s repression of crypto and bitcoin is wrong, and it’s very bad for our country,” Trump said to cheers at a conference in Tennessee.
The ex-president likened cryptocurrencies to the growth of the “steel industry of 100 years ago,” and said “Bitcoin stands for freedom, sovereignty and independence from government coercion and control.”
Trump said if he was in the White House, he would not allow the US government to sell its bitcoin holdings.
“This will serve in effect as the core of the strategic national bitcoin stockpile,” Trump said.
The proposal was more limited than one offered the day before by longshot third-party candidate Robert F. Kennedy Jr., who said he would seek to build a stockpile of 4 million bitcoin.
“If we don’t embrace crypto and bitcoin technology, China will, other countries will, they’ll dominate, and we cannot let China dominate,” Trump said Saturday.
“If crypto is going to define the future, I want it to be mined, minted and made in the USA.”
Acknowledging the price of electricity as a key factor in where cryptocurrency mining operations are located, Trump vowed to make US energy the cheapest “of any nation on Earth” by increasing fossil fuel production and through nuclear energy.
“We’ll be doing it in an environmentally friendly way, but we will be creating so much electricity that you’ll be saying, ‘please, please, Mr. President, we don’t want any more electricity.’“
He said on his first day in office, he would fire Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), a frequent target of cryptocurrency industry outrage over his cautiously slow approach to implementing regulations.
The crowd roared with approval at the proposal, prompting Trump to joke: “I didn’t know he was that unpopular.”
“Let me say it again. On day one, I will fire Gary Gensler!” he said, with the crowd erupting again.
He also targeted Vice President Kamala Harris, who is set to replace Biden atop the Democratic ticket following the 81-year-old president’s shock exit from the campaign.
“We have to fight and we have to win, and I pledge to the bitcoin community that the day I take the oath of office, Joe Biden, Kamala Harris’s anti-crypto crusade will be over, it will end, it’ll be done,” Trump told the crowd.
“You’re going to be very happy with me.”
Trump courts crypto vote with ‘pro-bitcoin president’ vow
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Trump courts crypto vote with ‘pro-bitcoin president’ vow
- Says the "Biden-Harris administration’s repression of crypto and bitcoin is wrong, and it’s very bad for our country”
- Adds that the US needs to "embrace crypto and bitcoin technology" before China amd other countries do
Pakistan locks down capital ahead of a planned rally by Imran Khan supporters
- Interior Ministry is considering a suspension of mobile phone services in parts of Pakistan in the coming days
- Pakistan has banned gatherings of five or more people in Islamabad for two months to deter Khan’s supporters
It’s the second time in as many months that authorities have imposed such measures to thwart tens of thousands of people from gathering in the city to demand Khan’s release.
The latest lockdown coincides with the visit of Belarusian President Alexander Lukashenko, who arrives in Islamabad on Monday.
Local media reported that the Interior Ministry is considering a suspension of mobile phone services in parts of Pakistan in the coming days. On Friday, the National Highways and Motorway Police announced that key routes would close for maintenance.
It advised people to avoid unnecessary travel and said the decision was taken following intelligence reports that “angry protesters” are planning to create a law and order situation and damage public and private property on Sunday, the day of the planned rally.
“There are reports that protesters are coming with sticks and slingshots,” the statement added.
Multicolored shipping containers, a familiar sight to people living and working in Islamabad, reappeared on key roads Saturday to throttle traffic.
Pakistan has already banned gatherings of five or more people in Islamabad for two months to deter Khan’s supporters and activists from his Pakistan Tehreek-e-Insaf party, or PTI.
Khan has been in prison for more than a year in connection and has over 150 criminal cases against him. But he remains popular and the PTI says the cases are politically motivated.
A three-day shutdown was imposed in Islamabad for a security summit last month.
Indian man awakes on funeral pyre
- Doctors sent Rohitash Kumar, 25, to mortuary instead of conducting postmortem after he fell ill
- Kumar was rushed to hospital on Friday for treatment but was confirmed dead later
JAIPUR: An Indian man awoke on a funeral pyre moments before it was to be set on fire after a doctor skipped a postmortem, medical officials said Saturday.
Rohitash Kumar, 25, who had speaking and hearing difficulties, had fallen sick and was taken to a hospital in Jhunjhunu in the western state of Rajasthan on Thursday.
Indian media reported he had had an epileptic seizure, and a doctor declared him dead on arrival at the hospital.
But instead of the required postmortem to ascertain the cause of death, doctors sent him to the mortuary, and then to be burned according to Hindu rites.
D. Singh, chief medical officer of the hospital, told AFP that a doctor had “prepared the postmortem report without actually doing the postmortem, and the body was then sent for cremation.”
Singh said that “shortly before the pyre was to be lit, Rohitash’s body started movements,” adding that “he was alive and was breathing.”
Kumar was rushed to hospital for a second time, but was confirmed dead on Friday during treatment.
Authorities have suspended the services of three doctors and the police have launched an investigation.
NATO chief discusses ‘global security’ with Trump
- NATO allies say keeping Kyiv in the fight against Moscow is key to both European and American security
Brussels: NATO chief Mark Rutte held talks with US President-elect Donald Trump in Florida on the “global security issues facing the alliance,” a spokeswoman said Saturday.
The meeting took place on Friday in Palm Beach, NATO’s Farah Dakhlallah said in a statement.
In his first term Trump aggressively pushed Europe to step up defense spending and questioned the fairness of the NATO transatlantic alliance.
The former Dutch prime minister had said he wanted to meet Trump two days after Trump was elected on November 5, and discuss the threat of increasingly warming ties between North Korea and Russia.
Trump’s thumping victory to return to the US presidency has set nerves jangling in Europe that he could pull the plug on vital Washington military aid for Ukraine.
NATO allies say keeping Kyiv in the fight against Moscow is key to both European and American security.
“What we see more and more is that North Korea, Iran, China and of course Russia are working together, working together against Ukraine,” Rutte said recently at a European leaders’ meeting in Budapest.
“At the same time, Russia has to pay for this, and one of the things they are doing is delivering technology to North Korea,” which he warned was threatening to the “mainland of the US (and) continental Europe.”
“I look forward to sitting down with Donald Trump to discuss how we can face these threats collectively,” Rutte said.
Indian man awakes on funeral pyre
JAIPUR, India: An Indian man awoke on a funeral pyre moments before it was to be set on fire after a doctor skipped a postmortem, medical officials said Saturday.
Rohitash Kumar, 25, who had speaking and hearing difficulties, had fallen sick and was taken to a hospital in Jhunjhunu in the western state of Rajasthan on Thursday.
Indian media reported he had had an epileptic seizure, and a doctor declared him dead on arrival at the hospital.
But instead of the required postmortem to ascertain the cause of death, doctors sent him to the mortuary, and then to be burned according to Hindu rites.
D. Singh, chief medical officer of the hospital, told AFP that a doctor had “prepared the postmortem report without actually doing the postmortem, and the body was then sent for cremation.”
Singh said that “shortly before the pyre was to be lit, Rohitash’s body started movements,” adding that “he was alive and was breathing.”
Kumar was rushed to hospital for a second time, but was confirmed dead on Friday during treatment.
Authorities have suspended the services of three doctors and the police have launched an investigation.
Fighting between armed sectarian groups in restive northwestern Pakistan kills at least 33 people
- Senior police officer said Saturday armed men torched shops, houses and government property overnight
- Although the two groups generally live together peacefully, tensions remain, especially in Kurram
PESHAWAR: Fighting between armed Sunni and Shiite groups in northwestern Pakistan killed at least 33 people and injured 25 others, a senior police officer from the region said Saturday.
The overnight violence was the latest to rock Kurram, a district in Khyber Pakhtunkhwa province, and comes days after a deadly gun ambush killed 42 people.
Shiite Muslims make up about 15 percent of the 240 million people in Sunni-majority Pakistan, which has a history of sectarian animosity between the communities.
Although the two groups generally live together peacefully, tensions remain, especially in Kurram.
The senior police officer said armed men in Bagan and Bacha Kot torched shops, houses and government property.
Intense gunfire was ongoing between the Alizai and Bagan tribes in the Lower Kurram area.
“Educational institutions in Kurram are closed due to the severe tension. Both sides are targeting each other with heavy and automatic weapons,” said the officer, who spoke anonymously because he was not authorized to speak to the media.
Videos shared with The Associated Press showed a market engulfed by fire and orange flames piercing the night sky. Gunfire can also be heard.
The location of Thursday’s attack was also targeted by armed men, who marched on the area.
Survivors of the gun ambush said assailants emerged from a vehicle and sprayed buses and cars with bullets. Nobody has claimed responsibility for the attack and police have not identified a motive.
Dozens of people from the district’s Sunni and Shiite communities have been killed since July, when a land dispute erupted in Kurram that later turned into general sectarian violence.
