Wood states that federal deregulation could encourage technological innovations.
“If Trump reduces regulation, cuts government spending, and lowers expectations regarding government expenditures, I believe that what we anticipate will happen very quickly. This will impact five key innovative platforms that are developing today: robotics, energy storage, artificial intelligence, blockchain technology, and multi-nucleotide sequencing,” says Wood.
In an effort to raise funds for his campaign and distinguish himself from President Joe Biden and Vice President Kamala Harris, Trump has attempted this year to position himself as a candidate friendly to cryptocurrencies, despite previously describing digital assets as “a disaster waiting to happen.”