In a significant development for the crypto community, former US President and current Republican presidential candidate, Donald Trump, is set to speak at one of the largest crypto events this month. Trump's involvement in the Bitcoin Conference X, scheduled for July 25 to 27 in Nashville, Tennessee, comes after his recent support for the crypto industry.

Trump's chances of winning the upcoming US presidential elections have increased after he reversed his stance against Bitcoin and cryptocurrencies. He has expressed his willingness to accommodate Bitcoin and emphasized the need for regulation around digital assets. Trump has also pledged to prevent the creation of a central bank digital currency in the U.S., viewing it as a threat to freedom.

In addition, Trump's campaign team started accepting crypto donations in May, further indicating his shift towards digital assets. High-profile crypto personalities, including the Winklevoss twins and Jesse Powell, have donated $1 million worth of Bitcoin and Ether to support Trump's campaign.

Trump's promise of a better future for cryptocurrencies in the United States has been well-received by the crypto community, which believes that clear regulations and a favorable environment could be established if Trump wins the election. Trump has also expressed his intention to create an environment conducive to mining all remaining Bitcoin in the United States, a move he believes would strengthen the country's energy dominance.