Donald Trump 2024 Bitcoin Conference Speech Recap:

On day one I will fire Gary Gensler and appoint a new SEC chairman. Create a US Government strategic national Bitcoin stockpile if elected.

Former President Donald Trump has announced a series of pro-cryptocurrency policies at the 2024 Bitcoin Conference in Miami on Friday.

Trump said that he will fire current SEC Chairman Gary Gensler and appoint a new chairman who is "pro-Bitcoin." He also pledged to establish a strategic national Bitcoin stockpile if elected.

"On day one I will fire Gary Gensler and appoint a new SEC chairman. We will integrate Bitcoin more deeply into our national economic infrastructure," Trump said at the conference.

"I will also establish a strategic national Bitcoin stockpile, signaling a robust governmental embrace of digital assets and a bright future for crypto in the United States," he added.

Among Trump's other pledges are opposition to Central Bank Digital Currencies (CBDCs) and the creation of a U.S. government-held Bitcoin reserve, which he said would position the country as a dominant force in the global cryptocurrency market.

Trump's speech comes amid growing interest from politicians in cryptocurrency regulation. Several bills have been introduced in Congress this year that would establish a regulatory framework for digital assets.

The cryptocurrency market experienced significant volatility following Trump's declarations. Bitcoin's price surged to $68,000 before experiencing a sharp correction.

Bitcoin's price dropped below $60,000 on Friday evening after experiencing a surge earlier in the day following Trump's speech at the 2024 Bitcoin Conference in Miami.

The price of Bitcoin had surged to $68,000 following Trump's announcement that he will establish a strategic national Bitcoin stockpile if elected.

However, the price of BTC experienced a sharp correction following the former President's assertion that the government will keep 100% of the Bitcoin it owns.

"The US Government will keep 100% of the Bitcoin it owns, and will never sell it," Trump said at the conference.

"This will ensure that America remains the dominant power in the world of cryptocurrency, and that we continue to reap the benefits of this new technology," he added.

The price of Bitcoin was trading at $59,000 at the time of writing.

The above is the detailed content of Donald Trump 2024 Bitcoin Conference Speech Recap:. For more information, please follow other related articles on the PHP Chinese website!