“If crypto is going to define the future, I want it to be mined, minted and made in the USA,” declared President Donald Trump at last July’s Bitcoin Conference 2024 in Nashville. This friendly stance marks a complete about-face from Trump’s position during his first term; in a tweet from July 2019, he expressed his aversion to cryptocurrencies, claiming their values were “highly volatile” and “based on thin air.” While likely inspired by a search for political gain, or the tens of millions he made off his own $Trump meme-coin, Trump’s reversal reflects rising support in the Global North for policies friendly toward nontraditional currencies.
These innovative currencies come in two primary forms: crypto and…
