United States presidential candidate Donald Trump reiterated his intention to take a more favorable stance toward cryptocurrency than the current Biden administration.

Former President Donald Trump has promised to end what he describes as President Joe Biden's "war on crypto" if he is elected in the 2024 presidential race. During a special address in West Palm Beach, Florida, on June 14, Trump emphasized his intention to make the future of crypto and Bitcoin a prominent part of America's financial landscape, particularly in Florida. He reiterated his commitment to supporting the crypto industry, contrasting his stance with Biden's, whom he criticized for wanting to stifle the sector.

Trump's remarks are part of a broader push to position Florida as a key player in the crypto world. This follows a report by CoinLedger naming Florida the best state for crypto taxes, thanks to its lack of state income tax and crypto-friendly policies. Additionally, Trump has voiced his support for the Bitcoin mining industry, advocating for all remaining Bitcoin to be mined in the United States.

Trump's focus on enhancing Florida's crypto presence aligns with the state's existing favorable regulatory environment for digital assets, which includes a pilot program allowing businesses to pay state fees in crypto. This positioning aims to attract more crypto-related activities to the state, further solidifying its status as a crypto hub.