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Freedom cities, in theory, could help the crypto sector \u201cto discover where it can go in terms of innovation and new app<\/a>lications.\u201d<\/p>\n When Donald Trump was running for president, he pledged<\/a> to build 10 new US cities, dubbed \u201cfreedom cities,\u201d from scratch, designed to improve the quality of life for Americans.\u00a0<\/p>\n These new high-tech communities were to be created on public land, and they were going to be free<\/a> of the \u201cnightmare of red tape,\u201d including lengthy environmental reviews, that had hampered the development of affordable housing in many parts of the US.<\/p>\n Freedom cities aren\u2019t really a new idea. They are a rebranding of charter cities, which have been around since the late 1800s. Still, Trump\u2019s proposal won the gung-ho support of many of Silicon Valley\u2019s tech bros, whose backing helped tilt the last US presidential election in his direction, and many of whom \u2014 e.g., the PayPal mafia consisting of Elon Musk, Peter Thiel, Marc Andreessen and Balaji Srinivasan \u2014 were also enthusiastic early supporters of cryptocurrencies and blockchain technology<\/a>.\u00a0<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n