« Crypto is the steel industry of 100 years ago, you’re just in your infancy. One day it probably will overtake gold, » Trump said at the Bitcoin Conference.
Former President Donald Trump took center stage at the Bitcoin Conference in Nashville, Tennessee, on Saturday making major promises to the cryptocurrency industry and solidifying his position as the crypto candidate for the 2024 presidential election.
Speaking before a packed hall of over 3,000 attendees, the former president’s remarks signaled a dramatic shift in his stance on digital assets and highlighted the growing influence of the powerful crypto voting bloc within his own party.
Here are five pledges Trump, the GOP presidential nominee, made to the cryptocurrency industry.Vowed to Fight Inflation With Crypto-Friendly Policies
Trump positioned bitcoin as a potential hedge against rising inflation, aligning with growing voter concerns about the economy.
He emphasized on Saturday the importance of embracing cryptocurrency as a tool to combat inflationary pressures and said, « Bitcoin stands for freedom, sovereignty and independence from government coercion and control. »
« Our nation has never thrived by trying to censor new ideas and shut down the dreams of our people », he said.Promised to Encourage Innovation in Power Plants and Electrical Vehicle Sector
While specific details were limited, Trump hinted at policies that would encourage the use of excess energy from power plants for bitcoin mining and explore synergies between the cryptocurrency industry and the electric vehicle (EV) sector. This pledge aligns with the growing interest in sustainable crypto mining practices and the potential for blockchain technology to revolutionize the energy sector.Pledged to Fire Securities and Exchange Commission Chair Gary Gensler
In a move that drew thunderous applause, Trump promised, « On day one, I will fire Gary Gensler », referring to the current Chairman of the Securities and Exchange Commission (SEC). He vowed to roll back limitations imposed under the Biden administration, characterizing them as an « anti-crypto crusade.
