This article details Donald Trump’s declaration at the Bitcoin 2024 conference, promising to fire SEC Chair Gary Gensler and outlining his plans for crypto regulation and energy policies.
Points
- Trump’s pledge to fire Gary Gensler on his
first day in office.
– Introduction of a Bitcoin and crypto presidential advisory council.
– Trump’s plans to manage energy supply for Bitcoin mining.
– His vision for the U.S. to become a global leader in crypto and Bitcoin mining.
Trump Says He Will Fire SEC Chair Gary Gensler On Day One If Reelected As President
The Bitcoin 2024 conference was buzzing with excitement, especially after Donald Trump’s remarks about firing SEC Chair Gary Gensler. These comments were met with enthusiastic cheers from the Bitcoin community. At the Nashville Bitcoin conference, Trump said:
“I will fire Gary Gensler and appoint a new SEC Chair on day one. The moment I’m sworn in, the persecution stops and the weaponization ends against your industry. I will appoint a new SEC chair who believes America should build the future, not block it.”
Introducing a New Crypto Presidential Advisory Council
The former president also stated that if he is elected, he will appoint a Bitcoin and Crypto presidential advisory council. This council will be responsible for getting transparency into the sector and establishing clear regulations.
“We are going to have a great industry,” he added.
Managing Energy Supply for Bitcoin Mining
Trump addressed how his administration would manage the supply and demand for electricity, particularly for Bitcoin mining:
“We will be having power plants built, we will be using fossil fuels. We will do it in an environmentally friendly way. If we don’t do it, China and others are going to be doing it. Let’s do it and do it right. If crypto is going to define the future I want it to be mined, minted, and made in the USA.”
He emphasized his administration’s commitment to harnessing American energy in all forms, aiming to make the U.S. the world’s undisputed Bitcoin mining powerhouse:
“I have set the ambitious goal that by the end of my term, the United States will have the lowest cost of energy and electricity of any nation on Earth. With low energy costs, America will become the world’s undisputed Bitcoin mining powerhouse.”
Campaign Contributions in Bitcoin and Crypto
Trump also noted his acceptance of campaign donations in Bitcoin and other cryptocurrencies:
“I’m proud to be the first major party nominee in American history to accept donations in Bitcoin and crypto, and they’ve made a lot of them, I might tell you, and I appreciate it. Since we made that announcement on May 21st, we have already raised $25 million, much of it in Bitcoin, crypto, and others that are very, very good also.”
Conclusion
Donald Trump’s speech at the Bitcoin 2024 conference has set the stage for a significant shift in the regulatory landscape for cryptocurrencies in the U.S. His promises to fire Gary Gensler, establish a new advisory council, and manage energy supply for Bitcoin mining reflect a strong commitment to supporting the crypto industry and positioning the U.S. as a global leader in digital assets.
解説
- Regulatory Changes: Trump’s pledge to fire Gensler and appoint a new SEC chair indicates potential significant changes in crypto regulation.
- Advisory Council: Establishing a crypto presidential advisory council aims to provide clearer and more supportive regulatory guidance for the industry.
- Energy Policies: Managing energy supply for Bitcoin mining highlights the importance of sustainable and efficient energy use in supporting the growth of the crypto sector.
- Political Strategy: Trump’s acceptance of campaign donations in Bitcoin and crypto underscores the growing political significance of digital assets and the need for policies that support their growth.