At Nashville's Bitcoin 2024 conference, Trump said the US must become a leader in crypto, he will fire SEC chair Gary Gensler, stop creation of a CBDC, and more
The remarks give Bitcoin and broader crypto advocates a clear signal that a Trump administration would seek a less hostile federal posture; they do not themselves change SEC policy, remove Gary Gensler, or block a CBDC.
The SEC, Gensler, and CBDC policy become explicit campaign targets, raising the political stakes around their existing roles and proposals.
Second-order effects
Crypto firms and investors can use the pledges as a policy scenario in planning, while opponents of a CBDC gain a prominent national political ally.
Other candidates and regulators face greater pressure to articulate their own positions as Trump’s conference messaging expands into proposals such as a national crypto stockpile.
Third-order effects
If this alignment persists, US crypto policy could become more directly shaped by electoral coalitions, not only by agency enforcement and legislative debate.
The divided response reported among Bitcoin conference attendees suggests the industry may remain politically engaged without becoming uniform behind one party or policy agenda.
The trend: Crypto is becoming a more explicit arena for presidential campaign commitments on financial regulation, monetary infrastructure, and US competitiveness.
I don't mind the idea of the government being less hostile to Bitcoin and maybe even pro-Bitcoin, but the fact that one of the big asks of the Bitcoin lobbyists appears to be that the government should buy 70 billion dollars worth of Bitcoin is so insane https://www.coindesk.com/…
President Trump is at the Bitcoin Conference rattling off all the bitcoin supporters in attendance who hold positions of power and influence. This feels like an awakening of the political class to the new digital world.
lol trump promising not to sell bitcoin seized from criminal activity and portraying it as a strategic reserve (after RFK's promise) and then *immediately* describing that very same bitcoin he plans to hold as bitcoin that was unfairly seized from “you” (the audience)
AMERICA AND BITCOIN A historical speech. Here is Donald Trump's full speech at the Bitcoin Conference with timestamps and transcript. TIMESTAMPS 1:36 - Shoutouts to David Bailey, Winklevosses, Michael Saylor, Cathie Wood, Ron Paul and Rand Paul, Vivek, and the victims of the [vid…
A Few Questions for Trump •What is crypto? •Why are you so enthusiastic—how does it help the U.S. economy long-term or most Americans? •Why should the U.S. government create a “strategic national Bitcoin stockpile”? •Have you invested in it? https://www.nytimes.com/... [image]
Trump: Most of the Bitcoin currently held by the government was obtained through law enforcement action. You know that they took it from you. Let's take that guy's life. His Bitcoin, we'll turn it into Bitcoin. It's been taken away from you.. It's a fascist regime. [video]
He said this was going to happen in 2021. Then he said it was going to happen in 2022, Then again in 2023. Then again in 2024. Now it's next year apparently, although not one real economist in the world would agree.
Trump on Bitcoin: And I don't think you've ever seen anything like it. And most people have no idea what the hell it is. You know that, right? So what happens when they figure it out? That's going to really be something [video]
Trump: It will be the policy of my administration. United States of America, to keep 100% of all the Bitcoin the U.S. Government currently holds or acquires into the future. This will serve as the National Bitcoin Stockpile [video]
Trump: if they win this election, every one of you will be gone. They will be vicious, they will be ruthless. They will do things that you wouldn't believe. But right now, because of me, they're leaving you alone. So please say thank you. [video]
Trump: We will be creating so much electricity that you'll be saying, please, please, president, we don't want any more electricity. We can't stand it. You'll be begging me. No more electricity, sir. We have enough. We have enough. [video]