Official announcements from the White House or credible news outlets

Trump Pledges to Create Strategic National Bitcoin Stockpile with 210,000 BTC, Fire SEC Chair Gensler

Jul 27, 2024, 08:50 PM

Former President Donald Trump has announced a comprehensive plan to establish the United States as a leading force in the cryptocurrency sector if re-elected. Speaking at the Bitcoin 2024 conference in Nashville, Trump pledged to create a Strategic National Bitcoin Stockpile by retaining 100% of the Bitcoin currently held by the U.S. government, which amounts to approximately 210,000 BTC valued at $14 billion. He also vowed to never sell the nation's Bitcoin holdings and to fire SEC Chair Gary Gensler on his first day in office. Furthermore, Trump promised to appoint a Bitcoin and crypto presidential advisory council to design transparent regulations within 100 days. His administration aims to make the U.S. the 'crypto capital of the planet' and a 'Bitcoin superpower,' with ambitions to boost Bitcoin mining activities domestically. Trump emphasized that Bitcoin stands for 'freedom, sovereignty, and independence from government coercion and control,' and predicted that Bitcoin and crypto would 'skyrocket like never before' under his leadership.