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Former President Donald Trump Outlines Pro-Bitcoin Strategy at 2024 Nashville Conference

Key Points:

Former President Donald Trump promises to keep all U.S. Bitcoin as a strategic reserve if re-elected, aiming to strengthen Bitcoin’s global role.
He vows to replace SEC Chair Gensler with crypto-friendly regulators and create a crypto advisory council.
Trump’s campaign has raised $4 million in digital assets, with endorsements from notable crypto figures.

Former President Donald Trump made a high-profile appearance at the Bitcoin 2024 conference in Nashville, unveiling his comprehensive plan for cryptocurrency if re-elected. Trump focused his speech on his pro-Bitcoin stance and innovative approach towards digital currency.

Former President Donald Trump Unveils U.S. Bitcoin Strategy

According to Bloomberg, Former President Donald Trump declared his commitment to retaining the United States’ Bitcoin holdings, which currently amount to approximately $14 billion, mostly acquired through Department of Justice seizures. He proposed maintaining these assets as a “Strategic National Bitcoin Stockpile,” emphasizing that his administration would adhere to the principle of never selling off Bitcoin.

“If I am elected, it will be the policy of my administration to keep 100% of Bitcoin the U.S. government holds or acquires into the future. This will serve in effect as the core of the strategic national bitcoin stockpile,” Trump said. He suggested that this policy would support Bitcoin’s value and enhance the U.S.’s position as a global Bitcoin leader.

In addition to his Bitcoin pledge, Trump promised to overhaul financial regulatory bodies by firing SEC Chair Gary Gensler and appointing crypto-friendly regulators. He also proposed creating a crypto industry advisory council, developing a stablecoin framework, and reducing regulatory enforcement.

The speech followed a similar crypto pledge from presidential candidate Robert F. Kennedy Jr., who proposed increasing U.S. Bitcoin holdings to match gold reserves.

Trump’s Campaign Boosted by Crypto Supporters

The former president’s address came amid a turbulent period in the 2024 election cycle, which saw a failed assassination attempt against him and President Biden’s announcement of not seeking re-election. Trump’s campaign, which has started accepting cryptocurrency donations, has raised $4 million in digital assets to date.

Trump’s speech was met with enthusiasm from the audience, including notable crypto supporters like the Winklevoss twins, whom Trump praised.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.