The post Former President Trump Vows To Create Strategic National Bitcoin Stockpile, Fire Gary Gensler and Make America the ‘Crypto Capital of the Planet’ appeared on BitcoinEthereumNews.com.

Former President Trump is vowing to implement a total transformation of US Bitcoin and crypto policy if re-elected. At the Bitcoin2024 conference in Nashville, Trump said he will fire Securities and Exchange Commission Chair Gary Gensler on day one, and end policies that prevent crypto investors and companies from using digital assets. Under his administration, Trump says the US would stop selling its trove of seized Bitcoin on the open market, and instead strategically hold the asset as an investment. “This afternoon, I’m laying out my plan to ensure the United States will be the crypto capital of the planet and the Bitcoin superpower of the world. If crypto is going to define the future, I want it to be mined, minted, and made in the USA. If Bitcoin is going to the moon, I want America to lead the way… For too long, our government has violated the cardinal rule that every Bitcoiner knows by heart – never sell your Bitcoin. Today I am announcing that if I am elected it will be the policy of my administration to keep 100% of all the Bitcoin the US government currently holds or acquires into the future. This will serve, in effect, as the core of the strategic national Bitcoin stockpile.” Trump, who is a former critic of Bitcoin, now says he will ensure Bitcoin and the crypto industry at large is made in America. “No longer will your government sit by and watch as Bitcoin jobs and businesses flee to other countries. We will keep each and every Bitcoin job in the United States. I will appoint a Bitcoin and crypto presidential advisory council to design transparent regulatory guidance for the benefit of the entire industry. The rules will be written by people who love your industry, not hate it.…

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Filed under: News - @ July 27, 2024 10:12 pm