In a bold move at the Nashville Conference, former President Donald Trump declared his intention to establish a new presidential advisory council focused on Bitcoin and cryptocurrency regulation if he is re-elected in 2024.
This announcement is part of Trump’s broader strategy to overhaul the current regulatory framework and position the United States as a global leader in digital assets.
This council will be tasked with designing transparent regulatory guidance within the first 100 days of his administration. Trump emphasized that the aim is to create a clear and supportive regulatory environment that encourages growth and prevents crypto-related jobs and businesses from leaving the United States due to unclear laws.
Trump asked the audience if anyone was interested in joining this advisory council, inviting them to raise their hands.
Trump emphasized that under his leadership, Bitcoin jobs and businesses would remain in America, unhindered by unclear laws. He also made it clear that Central Bank Digital Currencies (CBDCs) would have no place during his presidency. Criticizing the Biden administration for economic inflation and ignoring the Bitcoin community, Trump pledged to revive the American Dream.
Promising to transform the U.S. into a Bitcoin mining powerhouse, Trump vowed to reduce energy costs significantly. He also revealed that the federal government holds 2% of the global Bitcoin supply, advising everyone to never sell their Bitcoin. Trump assured that his administration would retain 100% of the Bitcoin it currently holds or will acquire in the future.
During his speech, Trump also pledged to fire Gensler “on day one” of his presidency and appoint a new SEC chairman who recognizes the importance of fostering innovation.
