Trump Pledges to Make US 'Crypto Capital' at Bitcoin 2024 Conference in Nashville

Jul 29, 2024, 12:16 AM

Former President Donald Trump, the Republican nominee for the upcoming US presidential elections, has pledged to make the United States the 'crypto capital of the planet' and a 'Bitcoin superpower' if re-elected. Speaking at the Bitcoin 2024 conference in Nashville, Trump outlined several key initiatives, including firing SEC Chair Gary Gensler on his first day in office, shutting down Operation Checkpoint 2.0, and establishing a strategic national Bitcoin reserve. He emphasized that Bitcoin represents freedom, sovereignty, and independence from government control, and predicted that Bitcoin could one day surpass the market capitalization of gold. Trump also promised that the US government would never sell its Bitcoin holdings, would promote Bitcoin mining within the country, and would oppose the development of Central Bank Digital Currencies (CBDCs) during his presidency. This marks a significant shift from his previous stance on cryptocurrency, which he once called a 'disaster waiting to happen.' The announcement has already impacted the market, with Bitcoin prices nearing $70,000.