Former U.S. President and current Republican presidential candidate Donald Trump is set to speak at Bitcoin 2024 in Nashville, Tennessee, on July 27, according to conference organizers.
WHY IT MATTERS
Trump, who is challenging Democratic President Joe Biden in the upcoming U.S. election, has positioned himself as a supporter of cryptocurrencies. At a June fundraiser in San Francisco, he criticized Democratic efforts to regulate the crypto sector amid increased scrutiny from regulators following bankruptcies at major firms in 2022.
KEY QUOTES
“Trump declared his backing for the American Bitcoin industry in May 2024, advocating for financial freedom and the growth of U.S. Bitcoin influence globally,” organizers stated on the conference website, highlighting Trump as the event’s keynote speaker. Recently, Trump expressed his desire to see more U.S.-based bitcoin mining.
CONTEXT
At the San Francisco fundraiser, attended by executives from crypto exchange Coinbase, investors like Tyler and Cameron Winklevoss, and other industry leaders, Trump raised $12 million. The Biden administration has indicated a readiness to collaborate with Congress on developing cryptocurrency regulatory frameworks.
