š„ BITCOIN 2024 CONFERENCE: WILL THE US BE THE 'CRYPTO CAPITAL OF THE PLANET' ???š
š„ At the Bitcoin 2024 conference in Nashville, former President Donald Trump electrified the audience with his bold plan to turn the US into a global bitcoin superpower if elected.
š£ In his keynote, Trump promised to establish the US as the "crypto capital of the planet" and create a bitcoin strategic reserve using government-held cryptocurrency. This marks a significant shift from his earlier stance against digital currencies.
š Trump announced his intentions to remove SEC Chair Gary Gensler and form a crypto advisory council. He energized the crowd by asking who wanted to join, promising that future regulations would be crafted by industry advocates, not detractors.
š "We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry," Trump declared, showcasing his newfound support for crypto.
š¬ Reflecting on his past skepticism, Trump acknowledged his changed perspective. In 2019, he criticized cryptocurrencies as "highly volatile and based on thin air," but now, his campaign is accepting donations in crypto.
Throughout his nearly 50-minute speech, Trump contrasted his pro-crypto stance with the Biden administration's regulatory efforts. He emphasized his vision of having cryptocurrency "mined, minted, and made" in the US, positioning himself as the champion of the industry.
š He also addressed the controversial issue of law enforcement seizures of digital assets, vowing to transform seized crypto into a national asset to benefit all Americans. Notably, Trump promised to commute the sentence of Ross Ulbricht, the Silk Road founder, garnering cheers from attendees wearing "Free Ross Day One" hats.
Is this entire situation a cheap grab for attention OR did Trump really fall in love with crypto and started to care about the industry?
š Drop your opinion below!
#trump #elections2024 #donaldtrump #bitcoin #bitcoinpricealert
