\n
![](\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/8483c1b4-7ea2-47a9-a0b2-b50d58578a99-900x514.webp\")
<\/p>\n [ad_1]
\n<\/p>\n
At the Bitcoin 2024 conference<\/a> in Nashville, Tennessee, former President Donald Trump delivered a keynote speech.<\/p>\n Trump, the Republican presidential candidate, used the platform to appeal to the tech community and solicit campaign donations. During the conference, he said<\/a>:<\/p>\n I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris\u2019s anti-crypto crusade will be over \u2026 If we don\u2019t embrace crypto and Bitcoin technology, China will, other countries will. They\u2019ll dominate, and we cannot let China dominate. They are making too much progress as it is.<\/p>\n<\/blockquote>\n Trump\u2019s address focused heavily on cryptocurrency policy, positioning it as a partisan issue. He claimed that if re-elected, he would dismiss SEC Chairman Gary Gensler on his first day in office, a statement that drew enthusiastic cheers from the audience. This declaration marks a stark contrast to Gensler\u2019s tenure, which has been characterized by stringent oversight of the crypto industry.<\/p>\n The former president outlined several pro-crypto initiatives he would pursue if elected. These included making the US the global cryptocurrency hub, retaining all government-held Bitcoin as a \u201cnational Bitcoin stockpile,\u201d establishing a presidential advisory council on Bitcoin and cryptocurrency, and developing power plants to support crypto mining, emphasizing the use of fossil fuels.<\/p>\n Trump\u2019s current embrace of cryptocurrency represents a reversal from his 2021 stance, when he described Bitcoin as a \u201cscam against the dollar<\/a>.\u201d He also highlighted that his campaign has received $25 million in donations since accepting cryptocurrency payments two months ago.<\/p>\n The event featured appearances by other political figures, including Republican Senators Tim Scott and Tommy Tuberville, as well as Democratic Representatives Wiley Nickel and Ro Khanna. Independent presidential candidate Robert F. Kennedy Jr. also spoke at the conference.<\/p>\n Trump\u2019s appearance at Bitcoin 2024 reflects growing support for his campaign among some tech leaders, including Tesla CEO Elon Musk and crypto entrepreneurs Cameron and Tyler Winklevoss.<\/p>\n While Trump portrayed the current administration as \u201canti-crypto,\u201d Democratic congressman Wiley Nickel asserted that Vice President Kamala Harris is taking a \u201cforward-looking approach to digital assets and blockchain technology.\u201d<\/p>\n This event underscores the increasing political significance of cryptocurrency policy in the upcoming presidential election.<\/p>\n In a strategic move to repair strained relationships, Vice President Kamala Harris\u2019s team has initiated dialogue with major players in the cryptocurrency sector. This outreach aims to reset the Democratic Party\u2019s stance on digital assets and foster a more collaborative approach.<\/p>\n The Financial Times reports<\/a> that Harris\u2019s advisers have contacted representatives from industry leaders such as Coinbase, Circle, and Ripple Labs. This initiative comes as the crypto community increasingly backs Republican candidate Donald Trump, reflecting growing dissatisfaction with the current administration\u2019s crypto policies.<\/p>\n\n
Kamala Harris and Democrats respond on crypto<\/h2>\n