Key Points
- Former President Donald Trump might speak at the Bitcoin 2024 event in Nashville.
- Trump’s potential participation signifies his growing support for cryptocurrency.
Former President Donald Trump is reportedly considering speaking at the Bitcoin 2024 event in Nashville, Tennessee. This news comes from two individuals familiar with the matter.
Political Figures at Bitcoin 2024
The event will also feature other political figures, including presidential candidate Robert F. Kennedy Jr., former candidate Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn.
While it’s confirmed that Trump was invited to the conference, it is still unclear whether he will attend or speak.
Brian Hughes, Trump’s senior advisor, stated that the cryptocurrency industry is “under attack”. He criticized the current administration for stifling innovation with more regulations and higher taxes. He suggested that Trump is ready to promote American leadership in emerging technologies, including Bitcoin.
Trump’s Support for Crypto
Trump has been increasingly supportive of cryptocurrency in recent months. He has expressed his intent to advocate for bitcoin mining and accepting political donations in cryptocurrency. He is also vocally opposed to what he perceives as President Joe Biden’s efforts to suppress the crypto industry.
In contrast, Biden’s re-election campaign reportedly seeks advice from the crypto industry on digital asset policies. This marks a departure from the administration’s previously unfavorable stance on cryptocurrency.
Both Trump and Biden are expected to participate in a debate hosted by CNN. A crypto advocacy group, Stand with Crypto, recently initiated a petition urging CNN to ask the candidates about their positions on cryptocurrency.
The group cites a recent crypto legislation, FIT 21, which passed in the U.S. House. This Republican-led bill seeks to regulate the crypto industry and has received support from 71 Democrats, including former Speaker of the House, Rep. Nancy Pelosi of California.