Vote election campaign badge button Trump on red background. Source: sofirinaja - stock.adobe.com

Key Takeaways:

Trump pledged a “strategic national bitcoin reserve” and outlined a comprehensive crypto policy.
He promised to fire SEC Chair Gary Gensler and create a “bitcoin and crypto advisory council.”
Trump’s support has grown within the crypto community, positioning the 2024 election as crucial for U.S. crypto regulations.

Thousands of bitcoin enthusiasts gathered in Nashville for the Bitcoin Conference, where former President Donald Trump delivered a speech solidifying his support within the crypto community.

Trump pledged to create a “strategic national bitcoin reserve” and promised not to sell the government’s seized bitcoin.

JUST IN: 🇺🇸 Donald Trump says, “The United States will be the crypto capital of the planet and the #Bitcoin superpower of the World.”
pic.twitter.com/5CNHY8hhQE
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024

He emphasized the importance of mining and minting bitcoin in the U.S. and detailed a comprehensive crypto policy including stablecoin regulation and self-custody rights.

Trump warned that a Democratic victory would be harmful to the crypto sector and promised to fire SEC Chair Gary Gensler if elected, appointing a “bitcoin and crypto advisory council.”

Trump’s appearance followed a major fundraising event targeting crypto executives, raising tens of millions of dollars.

⚠️ JUST IN:

*TRUMP PLEDGES TO FIRE GENSLER, PICK REGULATORS WHO ‘LOVE’ CRYPTO#BTC #BITCOIN pic.twitter.com/Q5FKbTkb8l
— Investing.com (@Investingcom) July 27, 2024

Despite his earlier criticisms of digital assets, Trump has recently embraced crypto, becoming the first president to attend a bitcoin event.

His stance has garnered significant support from the crypto community, which sees the 2024 election as pivotal for shaping U.S. crypto regulations, with Trump viewed as the best candidate to lead these efforts.