Trump reiterated in his campaign that he would not suppress cryptocurrencies. Will he make Musk the chairman of the “Government Efficiency Commission” after his election?

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Former U.S. President and Republican presidential candidate Donald Trump reiterated in a public speech on Thursday that if he is re-elected as president, he will work to make the United States the “global cryptocurrency capital” and plans to appoint Elon Musk to lead an agency called the “Government Efficiency Commission” to conduct a comprehensive financial and performance audit of the federal government.

Trump once again emphasized that he would not suppress cryptocurrencies
At a campaign event at the Economic Club of New York on September 5, Trump put forward his economic policy vision. Although there were not many specific speeches about cryptocurrencies, he made it clear to the attendees:
“We will not suppress forward-looking industries, but will actively support them, including making the United States the ‘global cryptocurrency and Bitcoin capital.'”

In an hour-long speech, Trump elaborated on his economic reform plan, promising to significantly relax regulatory policies, reduce corporate taxes on American products, reduce housing costs, promote U.S. energy production, and conduct financial and performance audits of the federal government to promote economic recovery. He said:

“I will launch a historic campaign to free our economy from the burden of onerous regulation. I pledge today that for every new regulation enacted during my second term, we will repeal at least ten existing regulations.”

Today, it was my Great Honor to Address the storied Economic Club of New York! pic.twitter.com/YzobFNSUgg

— Donald J. Trump (@realDonaldTrump) September 5, 2024

Promise to give Musk the chairman of the “Government Efficiency Commission” after being elected

In addition, Trump said that if he returns to the White House, he will declare a “national emergency” in the energy field to increase domestic energy production. He explained that the country needs more energy to promote the development of the artificial intelligence industry and ensure that the US technology industry stays ahead in the competition with China.

Trump also mentioned that he will adopt the advice of Tesla CEO Elon Musk to establish a “Government Efficiency Commission” led by Musk, which will be responsible for conducting a comprehensive financial and performance audit of the federal government and making “aggressive reform recommendations” to cut unnecessary spending.

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