The post Here Are Key Points From Trump’s 2024 Bitcoin Conference Speech appeared on BitcoinEthereumNews.com.

At the 2024 Bitcoin Conference, Trump pledged to fire SEC’s Gary Gensler, create a national Bitcoin stockpile, and make the U.S. a Bitcoin superpower. At the just-concluded 2024 Bitcoin Conference, former President Donald Trump laid out ambitious plans to transform the United States into a global leader in cryptocurrency. Trump’s speech highlighted key initiatives that he promises to implement if elected president. Trump’s Promises for Bitcoin In his address, Trump promised to fire Gary Gensler and appoint a new SEC chairman on his first day in office. He proposed creating a U.S. Government strategic national Bitcoin stockpile and pledged that the government would retain 100% of the Bitcoin it holds. Trump emphasized that “Bitcoin is going to the moon” and advised people never to sell Bitcoin, predicting it would eventually surpass gold’s market cap. He reaffirmed his commitment to soften the sentence of Ross Ulbricht, the creator and operator of the infamous Silk Road portal. Moreover, he vowed that there would never be a Central Bank Digital Currency (CBDC) under his administration. Trump asserted that Bitcoin and other cryptocurrencies would skyrocket if he were elected, arguing that Bitcoin does not threaten the dollar; rather, the current U.S. government does.  He declared his intention to make the United States the crypto capital of the world and a Bitcoin superpower, stating that Bitcoin represents freedom and independence from government control. Trump also assured the Bitcoin community that Biden and Harris’ anti-crypto stance would end with his presidency. Controversy Over Firing SEC Chairman However, amid all these promises, one of Trump’s promises has sparked debate: the firing of SEC chairman Gary Gensler. XRP influencer “WrathofKahneman” reminded community members that the U.S. President could not directly remove the SEC Chair, a position protected by a Supreme Court ruling.  However, according to WrathofKahneman, there are…

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Filed under: News - @ July 30, 2024 3:18 am