• 21 November, 2024
Markets News

Trump Announced as Speaker at Bitcoin 2024, Promises Crypto Support

Trump Announced as Speaker at Bitcoin 2024, Promises Crypto Support

Donald Trump has been officially announced as a speaker at Bitcoin 2024, the world’s largest Bitcoin conference in Nashville, Tennessee, from July 25-27. The conference promises to be pivotal for the future of Bitcoin in the U.S.

Trump’s Commitments to Bitcoin Community

Donald Trump’s presence as a speaker is especially noteworthy, considering his recent promises to the Bitcoin community. Last month, Trump met with key Bitcoin miners in the United States, including officials from CleanSpark and Riot Platforms, to pledge his support for Bitcoin mining globally and in Washington, D.C. 

In May, Trump stated that if elected president, he would ensure that the future of Bitcoin and cryptocurrency is developed in the U.S. Trump’s recent commitments to the Bitcoin community, including pledges to support Bitcoin mining and protect crypto holders’ rights, highlight the potential impact on cryptocurrency policy. 

Trump is Crypto President

During a June event in San Francisco, Trump portrayed himself as a cryptocurrency advocate, criticizing Democrats’ efforts to regulate the industry. The crypto sector is increasingly attempting to influence U.S. lawmakers despite increased regulatory scrutiny following the bankruptcy of big crypto businesses in 2022. This caused a panic among investors, exposed fraud and misconduct, and left millions of investors out of pocket.

Donald Trump’s Push for U.S. Bitcoin Mining and Its Impact on 2024 Politics

Bitcoin 2024: Miami to Nashville

Bitcoin 2024 is expected to build on the success of the three previous conferences hosted in Miami. Bitcoin 2021 made news after El Salvador’s President Nayib Bukele proclaimed it legal money. Bitcoin 2022 and Bitcoin 2023 carried on the tradition with memorable events, including U.S. Presidential candidate Robert F. Kennedy Jr.’s passionate address supporting the Bitcoin sector at Bitcoin 2023.

This year’s shift from Miami to Nashville shows the conference’s rising popularity. With two U.S. Presidential contenders, Robert F. Kennedy Jr. and Donald Trump, scheduled to speak, Bitcoin 2024 is a watershed moment, possibly defining the future of Bitcoin and cryptocurrency legislation in the United States.

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