Donald Trump

Bitcoin

President Donald Trump

Reserve

<p>At the recent Bitcoin Conference in Nashville, former US President Donald Trump detailed a comprehensive policy plan for cryptocurrencies, marking a substantial shift in his attitude on digital assets.<br><br>The event gathered over 3,000 people and provided a forum for Trump to express his support for the cryptocurrency industry, which he previously criticized. His proposals included the establishment of a “strategic national bitcoin reserve” and a commitment to retain all government-seized bitcoin without selling.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;">Prediction: At least five more countries will tweak their stances and become crypto-friendly within the next 6-8 months!<br><br>In his speech at <a href="https://twitter.com/hashtag/Bitcoin2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin2024</a>, Donald Trump highlighted that he wants the U.S. to be the <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> capital of the world. He aims for the U.S. to lead or be… <a href="https://t.co/dDfTDTm9HC" rel="noopener noreferrer nofollow">pic.twitter.com/dDfTDTm9HC</a></p>— Neeraj Khandelwal (@nrjkhandelwal) <a href="https://twitter.com/nrjkhandelwal/status/1817491582435921991?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Trump’s remarks emphasized the strategic importance of fostering a crypto-friendly environment in the U.S. to counter potential competitive moves by other nations, notably China. He equated the burgeoning digital asset sector to the steel industry of the early 20th century, suggesting its potential to surpass traditional assets like gold eventually.</p>
<h2 class="wp-block-heading" id="h-crypto-policy-and-political-impact"><strong>Crypto Policy and Political Impact</strong></h2>
<p><br>Including crypto policy in Trump’s campaign discourse highlights its growing relevance in American electoral politics. Trump declared himself the “pro-crypto candidate,” a stance that resonated with many at the conference and beyond.<br><br>This approach has attracted the support of crypto enthusiasts and mobilized significant campaign contributions from industry leaders. A fundraising event preceding his speech reportedly raised tens of millions of dollars, underscoring the crypto sector’s financial and political clout.</p>
<p>The reaction to Trump’s crypto policies also reflects a broader realignment within the industry, with some former Democratic supporters now voicing their backing for Trump. This shift is partly attributed to frustrations with the current regulatory approaches under the Biden administration, which many in the crypto space view as overly restrictive.</p>
<p>If re-elected, Trump promised to fire SEC Chair Gary Gensler on his first day in office. Gensler’s strict regulatory approach has made him unpopular with cryptocurrency enthusiasts, who claim such laws hinder innovation and growth. This statement was applauded and received considerable approval from the audience.</p>
<p>Moreover, Trump proposed creating a “bitcoin and crypto advisory council” to enhance dialogue and policy development between the U.S. government and the crypto industry.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/donald-trump-set-to-speak-at-bitcoin/" rel="noopener noreferrer nofollow">Donald Trump Set to Speak at Bitcoin 2024 Conference in Nashville</a></li>
 <li><a href="https://cryptonewsland.com/elon-musks-laser-eyes-image-fuels-speculation/" rel="noopener noreferrer nofollow">Elon Musk’s Laser Eyes Image Fuels Speculation on Possible Appearance at Bitcoin 2024</a></li>
 <li><a href="https://cryptonewsland.com/us-food-truck-allows-customers-to-pay-with-bitcoin-btc/" rel="noopener noreferrer nofollow">US Food Truck Allows Customers to Pay With Bitcoin (BTC)</a></li>
 <li><a href="https://cryptonewsland.com/trump-leads-as-one-of-keynote/" rel="noopener noreferrer nofollow">Trump Leads as One of Keynote Speakers at Bitcoin 2024 Conference with Other Prominent Figures</a></li>
 <li><a href="https://cryptonewsland.com/trump-positions-himself-as-pro-crypto-candidate-amid-growing-support/" rel="noopener noreferrer nofollow">Trump Positions Himself as Pro-Crypto Candidate Amid Growing Support</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/trump-pledges-u-s-bitcoin-reserve-and-crypto-friendly-policies/" rel="noopener noreferrer nofollow">Trump Pledges U.S. Bitcoin Reserve and Crypto-Friendly Policies</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Trump Pledges U.S. Bitcoin Reserve and Crypto-Friendly Policies

目录

Crypto News Land

发布于 2024年7月28日的其他文章

Casper Network Faces Security Breach and Halts Operations

Casper Network Halts Operations to Address Security Breach

Donald Trump’s speech at Bitcoin 2024 led to a sharp increase and then a drop in Bitcoin prices

Crypto Rug Pulls: How Much Has Been Lost? Billions Vanish in Decentralized Finance Scams

Trump at Bitcoin 2024, Biden withdraws, ETH ETFs launch, Mt. Gox repayments | Weekly Recap

LayerZero (ZRO) Eyes Breakout Potential With Rising Channel Pattern

订阅我们免费的电子期刊，获取每日最新加密领域动态！