Newsman: Former President Donald Trump said that he wants the U.S. to be a “bitcoin superpower” under his leadership.
Former President Trump laid out his plans to embrace crypto currency if elected for a second term In his keynote address at a bitcoin conference in Nashville, Tennessee, on Saturday .
Donald Tump promised before the hundreds of supporters of the digital tokens 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.
The former president appealed to bitcoin fans by pointing to U.S. law enforcement seizures of the digital token.
“They took it away from you,” he said. “So, as I take steps to transform that vast wealth into a permanent national asset to benefit all Americans, today I repeat my promise to commute the sentence of Ross Ulbricht.”
Throughout the nearly 50-minute speech, Trump repeatedly sought to contrast his support of crypto currency to the Biden’s administration efforts to regulate the industry, telling the crowd that the federal government was “blocking your way.” Trump said he wanted crypto currency “mined, minted and made” in the United States.
Tennessee’s U.S. Sen. Marsha Blackburn called Trump’s announcement of a bitcoin strategic reserve a “historic moment.”
