Republican presidential candidate Donald Trump vowed to put an end to President Joe Biden's regulatory approach towards cryptocurrency during a rally in Racine, Wisconsin, on June 18. Trump emphasized his intention to ensure that the future of crypto and Bitcoin development takes place within the United States, cautioning that other nations could seize opportunities otherwise.

Trump's campaign, which extended beyond crypto, critiqued Biden's broader economic policies. According to Trump's spokesperson Anna Kelly in a statement to Reuters, Biden's tenure has been marked by issues such as higher prices, stagnant wages, and a manufacturing sector that has not seen significant growth.

The rally location, Racine, Wisconsin, is notable for its association with a controversial Foxconn factory. Trump had initially credited the factory's construction to his pro-manufacturing policies during his first term, but the project did not deliver the expected number of jobs.

Trump also pledged that his strategy on crypto would open up opportunities for young Americans. This commitment builds on his previous statements supporting the crypto industry, including calls for voter support from crypto enthusiasts on May 8 and criticism of what he described as the Biden-Gensler crackdown on crypto on June 7. Additionally, Trump proposed a policy on June 12 to ensure the United States mines all remaining Bitcoin, suggesting such a move would bolster the country's energy dominance.

Meanwhile, Biden's stance on crypto remains uncertain amidst Trump's outspoken support for the industry. Biden's campaign is reportedly considering outreach efforts to the crypto sector, possibly even adopting crypto donations via platforms like Coinbase Commerce, although no official confirmation or adoption has been announced yet.