Trump Says Never Sell Your Bitcoin, Will Sack Gensler, Create Strategic Crypto Reserve
Former President Donald Trump burnished his credentials as Bitcoin’s best friend with a series of major announcements, including adding crypto to the government’s reserves, in a barnstorming speech to assembled crypto devotees at the Bitcoin 2024 Nashville conference.
“This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world and we’ll get it done,” said Donald Trump at the Bitcoin 2024 conference in Nashville, Tennesse on Saturday.
To roars of approval from the 5,000-strong audience, Trump promised, “On day one, I will fire Gary Gensler.” He continued: “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’s anti-crypto crusade will be over.”
JUST IN: Crowd goes absolutely nuts after Donald Trump vows to fire SEC Chairman Gary Gensler during the Bitcoin Conference in Nashville, Tennessee.
Trump was clearly taken aback at the crowd's reaction when he made the announcement.
"On day one, I will fire Gary Gensler and… pic.twitter.com/0CyOMaY6FY
— Collin Rugg (@CollinRugg) July 27, 2024
“We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry,” Trump proclaimed, in a statement that will send shivers down the spines of all US financial regulators and those elsewhere. He explicitly called for a reining in of enforcement activity by US financial regulators.
Likening the battles of the crypto industry with his own run-ins with the law, he stated that he would end “repression”. “They slander you as criminals but that happened to me, too, because I said the election was rigged,” said Trump.
In a wide-ranging speech, he also
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