Trump Courts Bitcoin Enthusiasts as He Prepares to Keynote Bitcoin 2024 Conference

The Bitcoin Conference is a major event in the cryptocurrency world, renowned for featuring prominent figures and making significant industry announcements. This year's conference in Tennessee is no exception, with former president and current presidential hopeful Donald Trump

Former President Donald Trump will headline Bitcoin 2024 as the keynote speaker, a major event in the cryptocurrency world known for featuring prominent figures and making significant industry announcements.

This year's conference in Tennessee is no exception, with Trump set to take the main stage at 2:00 PM on July 27. He will be the first major U.S. politician to speak at the Bitcoin Conference.

According to a press release shared with DailyCoin, Trump will be speaking about Bitcoin and other digital assets during his appearance at the conference.

Throughout his campaign, Trump has made several promises to the crypto community, including commitments to create a Bitcoin-friendly regulatory environment and support for domestic mining if re-elected in November.

David Bailey, CEO of Bitcoin Magazine and Trump's digital asset policy advisor, also revealed that Trump is exploring how Bitcoin could be used to address the $35 trillion national debt.

Trump's pro-crypto stance has garnered substantial support within the industry, with Jesse Powell, founder of Kraken, throwing his weight behind Trump's campaign with a $1 million Ethereum donation.

In a tweet, Powell criticized the current administration's approach to crypto regulation, stating, “For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler, and others.” He highlighted the need for clear rules and expressed concern over unchecked regulation by enforcement.

Many in the crypto community share Powell's frustrations with the Biden administration's approach to digital assets.

While the White House has downplayed claims of a “War on Crypto,” the administration has overseen a series of actions that have adversely affected the industry.

The most noticeable sign of the War on Crypto has been the wave of regulatory lawsuits stemming from ambiguous rules that regulators refuse to clarify.

Additionally, there have been reports of crypto firms being de-banked, effectively shutting them out of the financial system.

Biden's recent veto of the SAB121 repeal was the latest point of contention.

This SEC guidance, which limits banks from custodying crypto assets, was overturned by the House of Representatives in May. However, Biden's office intervened to keep the rule in place, further straining relations with the crypto community.

The House was scheduled to vote on overriding the veto on July 10, but a scheduling oversight has delayed the vote until Thursday.

Fox Business reported that Biden's veto is likely to stand, as the measure is not expected to secure the necessary two-thirds majority in the House to override it.

On the Flipside

Trump's keynote at Bitcoin 2024 represents a pivotal moment in cryptocurrency's political journey. As the lines between technology, finance, and politics blur, the upcoming election may influence the industry's trajectory for years to come.

Solana ETF approval is likely contingent on Trump coming into power:

How Solana's ETF Fate Hinges on Trump and Biden

Worldcoin aims to expand its ecosystem, raising concerns about market saturation:

Worldcoin Opens Worldchain to Devs: An Example of Chain Overload?

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