Appearing onstage at the Bitcoin 2024 conference, Trump also promised to “fire” SEC chair Gary Gensler, set up a crypto advisory council, and make the United States the “crypto capital of the world.”
Former president Donald Trump has outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin Conference on Saturday. Trump announced that if he is elected, he will create a strategic bitcoin reserve in the US. “It will be the policy of my administration to keep 100 percent of all bitcoin the US government currently holds or acquires in the future…as a core of the strategic national bitcoin stockpile,” he said.
“This is our Louisiana Purchase moment,” she said, elaborating that the bill would take “the bitcoin President Trump just mentioned and pull it into the reserve, that’s only the beginning. Over five years, the United States will assemble 1 million bitcoin, five percent of the world’s bitcoin, and it will be held for a minimum of 20 years and can be used for one purpose—reduce our debt.
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