Donald Trump spoke at one of the biggest cryptocurrency events, Bitcoin 2024, in Nashville, Tennessee.
He promised that if he becomes president again, he will fire Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), on his first day. The audience cheered loudly when he said this.
Trump is trying to win votes and donations from the tech community. He claimed that the Democratic Party and Vice-President Kamala Harris are against cryptocurrency.
He said he would make the US the cryptocurrency capital of the world and keep all Bitcoin the US government holds, calling it a “national Bitcoin stockpile.” He also promised to create a Bitcoin and crypto advisory council.
Previously, in 2021, Trump called Bitcoin a “scam,” but now he supports the industry. He even mentioned building power plants to provide the electricity needed for mining cryptocurrency, using fossil fuels.
Many tech leaders, including Tesla founder Elon Musk and crypto tycoons the Winklevoss twins, support Trump.
He said his campaign accepts cryptocurrency donations and has received $25 million in donations since allowing crypto transactions, though he did not specify how much of that was in cryptocurrency.
Trump framed cryptocurrency regulation as a partisan issue, accusing the Biden administration of being “anti-crypto.” Several Republican lawmakers, including Senators Tim Scott and Tommy Tuberville, attended his speech.
Independent candidate Robert F. Kennedy Jr. and Democratic lawmakers Wiley Nickel and Ro Khanna also spoke at the event. Nickel mentioned that Kamala Harris is taking a “forward-looking approach to digital assets and blockchain technology.”
For more information, you can check the BBC source.
https://www.bbc.com/news/articles/cne4n2xdylvo