The atmosphere at the Nashville Bitcoin conference is nothing short of electric, and the source of this buzz is none other than former President Donald Trump. His remarks about firing SEC Chair Gary Gensler were met with enthusiastic cheers from the Bitcoin community, setting the stage for a series of bold promises that have the crypto world talking.
Trump’s pledge was unequivocal: “I will fire Gary Gensler and appoint a new SEC Chair on day one. The moment I’m sworn in, the persecution stops and the weaponization ends against your industry. I will appoint a new SEC chair who believes America should build the future, not block it.”
This declaration has resonated deeply with the audience, many of whom see Gensler’s regulatory stance as a significant hurdle to the growth of the cryptocurrency sector.
In addition to shaking up the SEC, Trump unveiled his plan to establish a Bitcoin and Crypto Presidential Advisory Council if elected. This council would be tasked with bringing much-needed transparency to the industry. “We are going to have a great industry,” Trump asserted, promising a future where the crypto sector thrives under clear and supportive regulations.
The former president didn’t stop at regulatory reforms. Addressing concerns about the environmental impact of Bitcoin mining, Trump outlined a vision for managing the supply and demand for electricity. “We will be having power plants built; we will be using fossil fuels. We will do it in an environmentally friendly way. If we don’t do it, China and others are going to be doing it. Let’s do it and do it right. If crypto is going to define the future, I want it to be mined, minted, and made in the USA,” he stated. This commitment to harnessing American energy resources for Bitcoin mining aligns with his broader goal of making the United States a global leader in the sector.
Trump’s ambitious energy plan includes making the U.S. the country with the lowest energy costs worldwide. “We will harness American energy in all forms. I have set the ambitious goal that by the end of my term, the United States will have the lowest cost of energy and electricity of any nation on Earth. With low energy costs, America will become the world’s undisputed Bitcoin mining powerhouse,” he declared, drawing enthusiastic applause from the audience.
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In a nod to his ongoing campaign, Trump proudly announced that he is the first major party nominee in American history to accept donations in Bitcoin and other cryptocurrencies. “Since we made that announcement on May 21st, we have already raised $25 million, much of it in Bitcoin, crypto, and others that are very, very good also,” he revealed, highlighting the strong support from the crypto community.
Trump’s speech at the Nashville Bitcoin conference has undoubtedly stirred excitement and optimism within the industry. His bold promises of regulatory reform, energy independence, and industry support have set a high bar for future political discourse around cryptocurrency. As the conference continues, the Bitcoin community will be watching closely to see how these ambitious plans unfold.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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