Trump6 stated in the White House that the United States was trying to catch up with China in the area of encryption. He described his support policy for the industry as in stark contrast to the previous Government.
According to Trump, the former Government “attacked” the encryption industry and “weaponized” the Government, leaving some people “involved in prison”. He also mentioned that some of the trade figures he had pardoned were “lucky”.
Pardons coexist with controversy
Trump refers to the subject of pardons such as Ross Ublich, founder of the Silk Road, Zhao Chang Peng, founder of Bianan, and Arthur Hayes, among former executives of BitMEX.
The article also mentions that Sam Bankman-Fried, founder of the FTX, and Roman Stom, Roman Semanov, developer of Tornado Cash, have still not been rehabilitated. Critics argue that Trump ' s statement contrasts with the family ' s recently disclosed proceeds of encryption.
The White House continues to bet on encryption.
Trump's statement is consistent with the White House encryption working group's goal of promoting the United States as a global encryption hub. Proponents argue that such statements provide policy endorsement for industrial innovation.