Trump promises crypto leadership at Bitcoin conference

Speaking at the 2024 Bitcoin Conference, Republican presidential nominee Donald Trump vowed to make America the leader in cryptocurrency technology.

Former President Donald Trump vowed to make America the leader in cryptocurrency technology at the 2024 Bitcoin Conference on Friday.

Speaking to a packed crowd in Nashville, Trump promised to transform the U.S. into “the crypto capital of the planet and bitcoin superpower of the world.” He criticized the Biden administration for its unfriendly stance toward crypto and promised to replace current SEC Chair Gary Gensler with someone more supportive of digital currencies.

Trump proposed creating a national bitcoin “stockpile,” positioning it as a permanent national asset, though he offered few specifics on the plan. His embrace of crypto has garnered high-profile endorsements, including from Tesla CEO Elon Musk and the Winklevoss twins.

Despite Trump’s enthusiasm, bitcoin prices dipped slightly after his speech, reflecting traders’ cautious optimism.

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