I will transform the USA into a Bitcoin superpower”, says Trump at crypto event
Donald Trump announced this Saturday (27) that he will fire the chairman of the United States Securities and Exchange Commission (SEC) and appoint cryptocurrency-friendly regulators if he returns to the White House. “The United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” Trump said at the Bitcoin Conference in Nashville.
Trump stated that he would fire SEC Chairman Gary Gensler, whose term ends in 2026, and that the new rules would be written by people who love the crypto industry. He promised to create a presidential cryptocurrency industry advisory board and a framework for stablecoins.
These comments mark a change in Trump's speech, which previously expressed skepticism about cryptocurrencies. Now, he is highlighting Bitcoin in his 2024 presidential campaign, reflecting the growing importance of the crypto industry in US politics.
Republican Senator Cynthia Lummis of Wyoming, who attended the conference, plans to propose a bill for the government to accumulate up to 1 million Bitcoins in five years, as a way to reduce the national debt and ensure the stability of the dollar.
Crypto industry donors are investing more in the 2024 election than in all previous cycles combined. Trump's economic agenda, which includes tax cuts and deregulation, attracts Wall Street and business interests.
Trump has promised to promote Bitcoin mining in the US, protect the self-custody of cryptocurrencies and prevent the Federal Reserve from issuing a digital currency that could compete with digital assets.
