{"id":353034,"date":"2024-07-27T01:52:36","date_gmt":"2024-07-26T20:22:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=353034"},"modified":"2024-07-27T01:52:36","modified_gmt":"2024-07-26T20:22:36","slug":"what-to-expect-from-trumps-bitcoin-nashville-speech-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-to-expect-from-trumps-bitcoin-nashville-speech-crypto-news\/","title":{"rendered":"What to Expect From Trump\u2019s Bitcoin Nashville Speech – Crypto News"},"content":{"rendered":"
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On Saturday, crypto advocates will tune into perhaps the most anticipated political speech in the industry\u2019s short history: former president Donald Trump\u2019s address at the Bitcoin<\/a> 2024 conference, which is <\/span>currently underway<\/span><\/a> in Nashville.<\/span><\/p>\n

At a crucial juncture in the 2024 presidential election, what with the recent <\/span>attempt<\/span><\/a> on Trump\u2019s life and the <\/span>shake-up<\/span><\/a> at the top of the Democratic ticket, the eyes of the nation will be on Nashville tomorrow with crypto locked in as the topic of discussion.\u00a0<\/span><\/p>\n

Trump\u2019s 30-minute speech, set for Saturday at 2pm local time (3pm ET), is perhaps equally as important to crypto stakeholders in its symbolism as in its substance.<\/span><\/p>\n

Just months ago, it would have likely been unthinkable for such a prominent political figure\u2014at one of the most crucial junctures of his political life, no less\u2014to attend and endorse an industry gathering like Bitcoin Nashville.\u00a0<\/span><\/p>\n

During Trump\u2019s first term in office, he expressed skepticism about Bitcoin and other digital assets, labeling himself \u201cnot a fan.\u201d<\/a> Once out of office, Trump gave his stamp to officially <\/span>licensed NFT collections<\/span><\/a>, racking up millions of dollars\u2019 worth of sales in the process.<\/span><\/p>\n

But only in recent months has Trump <\/span>rebranded<\/span><\/a> as a full-throated defender of the industry, pushing the Republican National Committee to include <\/span>pro-crypto language<\/span><\/a> in its party platform for the first time ever.\u00a0<\/span><\/p>\n

One potential impetus for that pivot has been the remarkable amount of money injected into the 2024 election from American crypto <\/span>companies<\/span><\/a> and executives<\/span>. <\/span>Fairshake, an industry super PAC, has already amassed some <\/span>$203 million<\/span><\/a> this election cycle, making it the biggest independent political spender in 2024.<\/span><\/p>\n

Trump himself has already raked in <\/span>millions of dollars<\/span><\/a> in crypto contributions to his campaign, as well, though the vast majority of that haul came from crypto executives rather than citizens not employed within the industry.<\/span><\/p>\n

While Trump\u2019s appearance tomorrow is already significant in and of itself, industry advocates have hopes that his speech will articulate concrete pro-crypto policies that voters should expect to see implemented if the former president retakes the White House.\u00a0<\/span><\/p>\n

Topping many crypto users\u2019 <\/span>wish lists<\/span><\/a>, to that end, is a commitment from Trump that he will incorporate Bitcoin into the strategic reserves of the U.S. government.<\/span><\/p>\n

Building off the Republican Party\u2019s newly adopted pro-crypto platform, others expect him to offer plans to protect Bitcoin mining rights, prevent the establishment of an American central bank digital currency (<\/span>CBDC<\/span><\/a>), and put to bed the U.S. Securities and Exchange Commission\u2019s aggressive and years-long <\/span>crackdown<\/span><\/a> on crypto firms.<\/span><\/p>\n

Trump has already earned <\/span>substantial goodwill<\/span><\/a> from the crypto industry by even opting to attend one of its largest gatherings. Whether attendees get granular policy specifics from Trump\u2014a famously <\/span>tangent<\/span><\/a>-prone public speaker\u2014or generalized platitudes, they\u2019ll have to wait until Saturday afternoon to find out.<\/span><\/p>\n

Edited by Andrew Hayward<\/a><\/i><\/p>\n

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On Saturday, crypto advocates will tune into perhaps the most anticipated political speech in the industry\u2019s short history: former president Donald Trump\u2019s address at the Bitcoin 2024 conference, which is currently underway in Nashville. At a crucial juncture in the 2024 presidential election, what with the recent attempt on Trump\u2019s life and the shake-up at […]<\/p>\n","protected":false},"author":2,"featured_media":342014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-353034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=353034"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353034\/revisions"}],"predecessor-version":[{"id":353042,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353034\/revisions\/353042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/342014"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=353034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=353034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=353034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}