Trump calls for US to be ‘crypto capital of the planet’ in appeal to Nashville bitcoin conference

NASHVILLE, Tenn. (AP) — Former President Donald Trump on Saturday laid out his plans to wholeheartedly embrace cryptocurrency if elected for a second term, telling hundreds of cheering supporters of the digital tokens that he wants the U.S. to be a “bitcoin superpower” under his leadership.

In his keynote address at a bitcoin conference in Nashville, Tennessee, the Republican presidential nominee promised to make the United States the “crypto capital of the planet” and create a bitcoin “strategic reserve” using the currency that the government currently holds.

He also promised to remove Securities and Exchange Commission Chair Gary Gensler if elected and implement a crypto advisory council, teasing the crowd by asking attendees if anyone wanted to join.

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

Trump’s keynote address at the Bitcoin 2024 conference showed how radically his position on cryptocurrency has changed over time.

He was not always a fan of cryptocurrencies, writing on social media in 2019 that their “value is highly volatile and based on thin air.”

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