Former U.S. President Donald Trump has recently given a highly-anticipated speech at the Bitcoin 2024 conference in Nashville, where he vowed to ensure the federal government wouldn’t sell off its Bitcoin holdings if he returns to the White House.
During his speech, Trump laid out his plan “to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world and we’ll get it done.”
Trump also said that, if elected, he would dismantle the “anti-crypto crusade” of President Joe Biden and Vice President Kamala Harris, adding that he would “on day one” fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.
The president of the United States, however, doesn’t have the power to fire appointed commissioners, but can appoint a new commissioner for the SEC.
The former President also vowed to create a “bitcoin and crypto presidential advisory council,” and noted he intends to have every remaining Bitcoin to be mined in the U.S., while defending the right to self custody of cryptoassets.
The former U.S. President’s speech was followed by Senator Cynthia Lummis, R-Wy., reading out a legislative proposal to create an official U.S. Federal Reserve of 1 million Bitcoin over the next five years, which would be held for a minimum of 20 years and would be used to reduce the country’s debt.
Trump’s proposals were less radical than those of third-party candidate Robert F. Kennedy Jr., who said he would launch a reserve of 4 million BTC, starting with the holdings the government has attained through criminal seizures.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.cryptocompare.com/email-updates/daily/2024/jul/29/
- :has
- :where
- 1
- 20
- 20 years
- 2024
- 29
- a
- adding
- advisory
- also
- an
- and
- appointed
- At
- attained
- BE
- biden
- Bitcoin
- BTC
- but
- by
- CAN
- candidate
- capital
- Chair
- COM
- commission
- commissioner
- Conference
- Council
- country’s
- create
- Criminal
- crypto
- crypto roundup
- cryptoassets
- CryptoCompare
- CryptoGlobe
- Custody
- cynthia lummis
- day
- Debt
- Defending
- dismantle
- Doesn’t
- donald
- Donald Trump
- done
- elected
- ensure
- Every
- exchange
- Federal
- Federal government
- federal reserve
- Fire
- five
- followed
- For
- Former
- former president
- Gary
- Gary Gensler
- Gensler
- get
- given
- Government
- Have
- he
- Held
- his
- Holdings
- House
- However
- HTTPS
- if
- in
- intends
- IT
- ITS
- JOE
- Joe Biden
- July
- kennedy
- laid
- launch
- Legislative
- legislative proposal
- less
- million
- mined
- minimum
- Nashville
- New
- next
- noted
- of
- off
- official
- out
- over
- plan
- planet
- plato
- Plato Data Intelligence
- PlatoData
- power
- president
- President Donald Trump
- president joe biden
- presidential
- proposal
- Proposals
- radical
- Reading
- recently
- reduce
- remaining
- Reserve
- returns
- right
- ROBERT
- roundup
- s
- Said
- SEC
- Securities
- Securities and Exchange Commission
- SELF
- Self Custody
- sell
- Senator
- speech
- Starting
- States
- than
- that
- The
- the world
- third-party
- those
- Through
- to
- trump
- u.s.
- U.S. Federal Reserve
- U.S. Securities
- U.S. Securities and Exchange Commission
- United
- United States
- used
- vice
- Vice President
- was
- were
- which
- while
- white
- White House
- WHO
- will
- with
- world
- would
- years
- zephyrnet
