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Republican presidential candidate former President Donald Trump departs after speaking at the Bitcoin 2024 conference, Saturday, July 27, 2024, in Nashville, Tenn. (AP Photo/Alex Brandon)

Trump calls for US to be ‘crypto capital of the planet’ in appeal to Nashville bitcoin conference

Former President Donald Trump has laid out his plans to wholeheartedly embrace cryptocurrency if elected for a second term

By KIMBERLEE KRUESI
Published - Jul 29, 2024, 12:31 AM ET
Last Updated - Jul 29, 2024, 12:31 AM EDT

NASHVILLE, Tenn. (AP) — Former President Donald Trump on Saturday laid out his plans to wholeheartedly embrace cryptocurrency if elected for a second term, telling hundreds of cheering supporters of the digital tokens that he wants the U.S. to be a “bitcoin superpower” under his leadership.

In his keynote address at a bitcoin conference in Nashville, Tennessee, the Republican presidential nominee promised to make the United States the “crypto capital of the planet” and create a bitcoin “strategic reserve” using the currency that the government currently holds.

He also promised to remove Securities and Exchange Commission Chair Gary Gensler if elected and implement a crypto advisory council, teasing the crowd by asking attendees if anyone wanted to join.

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

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