Donald Trump Delivers Keynote Speech At Nashville Conference
Trump's strategy is to weaken the dollar and make fuel and electricity cheap, which should attract miners to the US and make American goods cheap and competitive.
Trump Vows To Create A 'Strategic Bitcoin Stockpile' Rivaling China
Donald Trump revealed plans to make a "strategic national Bitcoin stockpile" if elected president in November. "I want it mined, minted, and made in the US," Trump said. Trump also said that the US must dominate the sector, or China will, in his move to court cryptocurrency advocates. "If we don't do it, China will do it," Trump added. Trump Says The US Government Will Keep 100% Of Bitcoin It Owns
Trump told the crowd at the event he would keep 100% of the Bitcoin that the US government currently holds or acquires after announcing his plans for a "national Bitcoin stockpile." "If I am elected, it will be the policy of the United States of America to keep 100% of the bitcoins the US government currently holds or acquires in the future," Trump said. Trump To Fire SEC Chair Gary Gensler On Day One If Elected
The Republican candidate also laid out plans for crypto policies should he win in November, including removing Securities and Exchange Commission (SEC) Chair Gary Gensler "on day one" and appointing a new SEC chairman under his administration. "The moment I'm sworn in, the persecution stops, and the weaponization ends against your industry," Trump said. Trump Reaffirms To Commute Ross Ulbricht's Sentence
Reaffirming a previous promise made in late May, Trump pledges to commute the sentence of Ross Ulbricht, the founder of Silk Road. Trump Rejects CBDCs
Trump also confirmed that there would be no Central Bank Digital Currencies (CBDCs) under his presidency and that he would protect people's financial privacy and autonomy. Trump Says Bitcoin Is Not Threatening The US Dollar
Trump announced that as part of his effort to provide regulatory clarity in the United States, his administration will create frameworks to enable the safe and responsible expansion of stablecoins, allowing them to extend the dominance of the US dollar to new frontiers globally. "America will be richer, the world will be better, and billions and billions of people will be brought into the crypto economy and store their savings in Bitcoin. Those who say that Bitcoin threatens the dollar have the story backwards. Bitcoin is not threatening the dollar. The behavior of the current US government is threatening the dollar," he said. Trump Says Bitcoin Will One Day Probably Surpass The Market Cap Of Gold
Trump said Bitcoin is likely to overtake gold at some point and praised it for being one of the most significant assets in the world. "Soon it will surpass the entire market cap of silver. One day it will probably overtake gold. There has never been anything like it. It's a miracle of cooperation of human achievement," Trump said. Trump Vows To Make The US A Bitcoin Superpower Of The World
If returned to the White House, Trump promised to make the US a "Bitcoin superpower" and said he would appoint an advisory council to design transparent regulatory guidance that would benefit the entire industry. "I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world," Trump said. Trump Pledges To End Anti-Crypto Crusade If Elected
Trump pledged that the anti-crypto crusade led by President Joe Biden and Vice President Kamala Harris would end on the day he took office and assured his supporters that his administration would create a more crypto-friendly environment under his administration.
