Trump Pledges to Make US a 'Bitcoin Superpower' in Second Term

Former President Donald Trump announced his plans to make the US a leading force in cryptocurrency if re-elected. During a bitcoin conference in Nashville, he promised to establish the country as the 'crypto capital of the planet,' create a bitcoin strategic reserve, and implement pro-crypto regulations.

Former President Donald Trump on Saturday laid out a bold vision for the United States to become a leading force in cryptocurrency if he is re-elected, drawing cheers from hundreds of digital token enthusiasts. Speaking at a bitcoin conference in Nashville, Tennessee, Trump pledged to transform the US into a ‘bitcoin superpower’ under his leadership.

In his keynote address, the Republican presidential candidate promised to establish the United States as the “crypto capital of the planet” by creating a bitcoin ‘strategic reserve’ using the government’s cryptocurrency holdings. Additionally, he vowed to remove SEC Chair Gary Gensler and implement a crypto advisory council, inviting the enthusiastic crowd to participate in shaping future regulations.

Trump’s speech marks a radical shift in his stance on cryptocurrency from previous years. He had formerly criticized digital currencies on social media in 2019. However, he has since embraced them, with his campaign starting to accept cryptocurrency donations in May. Contrasting his position with the Biden administration’s regulatory efforts, Trump stressed the need for pro-crypto policies and called for the US to dominate the digital currency landscape.