WASHINGTON: Former US president and existing Republican presidential candidate Donald Trump did speak at Bitcoin 2024 in Nashville, Tennessee, on July 27, the organizers of the convention said on Wednesday.
Why it’s critical
Trump, who is running against Democratic President Joe Biden in the U.S. election in November, made a statement at a San Francisco fundraiser in June criticizing Democrats ‘ attempts to impose the sector.
In light of the increased attention from authorities following bankruptcies at big crypto companies in 2022 that spooked investors, exposed fraud and wrongdoing, and left millions of investors out of pocket, the crypto industry is extremely trying to influence U.S. politicians.
Major rates
Trump is the main performer of the event, according to organizers who stated on the meeting website that” Trump endorsed the American Bitcoin business in May 2024 and pushed for economic freedom and the expansion of the U.S. Bitcoin industry on the international stage.”
Trump also just stated that he would like to see more U.S. companies mine cryptocurrency.
On his Truth Social app in June, Trump stated that” we want to MADE IN THE USA” for the rest of the Bitcoin.
Context
At the technical gala in San Francisco in June, where Trump raised$ 12 million, were executives from Coinbase, crypto investors Tyler and Cameron Winklevoss, and other bitcoin officials.
Under Democrat Biden, the White House has stated that it is working with Congress to create a cryptocurrency regulation model.
