In a sweeping proposal that could radically transform the U.S. economy, former President Donald Trump has announced that, if re-elected, he will push to make cryptocurrency the default legal method of payment across the country. The announcement, made during a campaign rally in Texas, signals a major departure from the traditional fiat-based financial system and aligns with Trump's increasingly pro-crypto stance in recent months.
Under this policy, digital assets such as Bitcoin, Ethereum, and potentially stablecoins would be prioritized for everyday transactions — from grocery purchases to paying taxes. Trump emphasized that this shift would reduce the power of centralized financial institutions, protect against inflation, and give Americans greater financial freedom. "It’s time to break free from the chains of the Federal Reserve and give the people full control of their money," he said to an enthusiastic crowd.
The proposal has already sparked fierce debate among economists, regulators, and lawmakers. Supporters praise the move as forward-thinking and innovative, while critics warn of potential volatility, regulatory chaos, and the undermining of the U.S. dollar’s global dominance.
While details of the plan remain vague, including how it would be implemented or regulated, Trump’s announcement has sent ripples through both political and financial communities, signaling a potential new era of digital-first economic policy.