Trump’s Plan to Make the U.S. the World’s Crypto Capital
During the Bitcoin 2024 conference in Nashville, former President Donald Trump presented his vision to position the United States as the leading country in the crypto industry, emphasizing the importance of keeping Bitcoin activities within the nation’s borders.
The Strategic National Bitcoin Stockpile
Trump’s proposal includes the establishment of a Strategic National Bitcoin Stockpile, with the U.S. government holding around 210,000 Bitcoins, currently valued at $13 billion. This initiative aims to secure the U.S.’s position as a major player in the crypto market.
Support for the Crypto Industry
Trump expressed his commitment to supporting the crypto industry by appointing a crypto-friendly board to design regulations beneficial for all participants. He also pledged to boost U.S. energy production to facilitate Bitcoin mining efforts, highlighting the economic growth potential of cryptocurrencies.
Controversial Pledges and Policy Reversals
Aside from his promises to the crypto community, Trump made headlines at the conference by pledging to fire the current U.S. Securities and Exchange Commission chair, Gary Gensler, and commute Ross Ulbricht’s sentence. These announcements sparked strong reactions from the audience.
Source : www.tennessean.com