SUMMARY
At Bitcoin 2024 in Nashville, Donald Trump pledged to fire SEC Chair Gary Gensler if re-elected, framing the move as part of a broader effort to support the cryptocurrency industry. Speaking to a crowd of tech leaders, including Elon Musk and the Winklevoss twins, Trump accused Democrats of being "against crypto" and promised to make the US the global hub for cryptocurrency. He announced plans for a national Bitcoin stockpile and a presidential advisory council on crypto, marking a stark shift from his 2021 stance calling Bitcoin a "scam." Trump also addressed the energy needs of crypto mining, proposing new power plants. His campaign has raised $25 million in crypto donations recently. The event featured other notable attendees, including Republican Senators and Democratic lawmakers, highlighting the political significance of cryptocurrency regulation.
