Former President Donald Trump attended a Bitcoin conference in Nashville, Tennessee, where he made several cryptocurrency-friendly policy commitments. Trump promised to fire Securities and Exchange Commission Chair Gary Gensler and create a national bitcoin stockpile if reelected. He expressed a desire for crypto to be produced and used in the USA and talked about redirecting seized bitcoin for the benefit of Americans. Trump also vowed to establish a bitcoin advisory council and provide transparent regulatory guidance for the cryptocurrency sector.
During his speech, Trump warned that investors would be “crushed” if Vice President Kamala Harris was elected and highlighted his intention to lead the nation in cryptocurrency. This marks a significant change from his previous stance where he criticized bitcoin as “highly volatile and based on thin air.” Despite his past reservations, Trump has embraced the potential of the cryptocurrency industry and his campaign now accepts bitcoin donations.
The former president received a standing ovation when he mentioned firing the SEC chair on the first day of his potential reelection. Overall, Trump’s appearance at the Bitcoin conference reflects a shift in his attitude towards digital currency and a newfound support for the industry as he makes promises to prioritize the development and regulation of cryptocurrency in the USA.
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