U.S. News
Trump Panders Newfound Love for Crypto at Bitcoin Conference
By Staff Illustrative Storyteller · July 27, 2024
Trump's Crypto Vision
Former President Donald Trump, also a former blockchain critic, shared ambitious plans to promote cryptocurrency, aiming to make the US a "bitcoin superpower" and the "crypto capital of the planet" if elected for a second term. Gage Skidmore/Flickr
Nashville Conference Address
Trump spoke at the Bitcoin 2024 conference in Nashville, Tennessee, where he outlined a vision for the future of crypto in the United States. Canva
Crypto Advisory Council
Trump proposed the formation of a crypto advisory council, suggesting that industry supporters would help shape future regulations. Canva
Bitcoin Strategic Reserve
Trump promised to create a bitcoin "strategic reserve" using the cryptocurrency currently held by the government. Canva
Pro-Crypto Regulations
He assured the audience that regulations under his administration would be crafted by people who support the crypto industry, contrasting with current regulatory efforts. Gage Skidmore/Flickr
Critique of Biden Administration
Trump criticized the Biden administration for its regulatory approach to cryptocurrency, claiming it was obstructing the industry's growth. Gage Skidmore/Flickr
Made in the USA
Trump emphasized his desire for cryptocurrency to be "mined, minted, and made" in the United States, promoting domestic production. Canva
Trump's Crypto U-Turn
Trump’s newfound support for cryptocurrency marks a significant shift from his previous stance, where he dismissed digital currencies as volatile and baseless. Canva
Past Criticisms
In 2019, Trump called digital currencies "highly volatile" and referred to bitcoin as a "scam" two years later. Canva