Trump’s Pro-Bitcoin Stance Could Transform America

History
was
made
at
the
bitcoin
conference
in
Nashville
as
former
President
Donald
Trump
delivered
a
keynote
speech.
A
special
moment
in
US
history,
the
event
was
attended
by
10
senators
and
2
presidential
candidates.
Despite
surviving
a
recent
assassination
attempt
in
Butler,
Pennsylvania,
Trump
showed
no
signs
of
being
deterred.

The
Republican’s
Pro-Bitcoin
Stance

Trump’s
speech
outlined
the
Republican
Party’s
commitment
to
bitcoin.
Trump
said
that
on
his
first
day
in
office,
he
would
fire
Gary
Gensler
and
appoint
a
new
SEC
chairman
who
supports
innovation
rather
than
hindering
it.
He
added
that
America
would
become
a
“bitcoin
mining
powerhouse”
and
urged
supporters
to
never
sell
their
bitcoin.

Trump
also
committed
to
keeping
100%
of
all
bitcoin
the
U.S.
acquires
and
to
freeing
Ross
Ulbricht.
He
also
confirmed
there
would
be
no
Central
Bank
Digital
Currency
under
his
presidency
and
that
he
would
protect
people’s
financial
privacy
and
autonomy.

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Despite
his
support,
Trump’s
frequent
references
to
“crypto”
instead
of
“bitcoin”
suggested
he
might
not
have
been
fully
briefed.
He
also
mentioned
that
he
needed
to
be
nice
to
the
bitcoin
community
until
after
the
election.

The
event
featured
other
bitcoin-friendly
voices,
including
independent
presidential
candidate
Robert
F.
Kennedy
Jr.
and
U.S.
Senator
Cynthia
Lummis.

Robert
F.
Kennedy
Jr.

Robert
F.
Kennedy
Jr.
also
spoke
at
the
conference,
discussing
the
policies
he
would
implement
under
his
presidency
including
leveraging
bitcoin
as
a
strategic
national
asset.
He
stated,
“Bitcoin
is
a
technology
of
freedom,
independence,
and
the
currency
of
hope.”
RFK
Jr.
pledged
to
direct
the
Treasury
to
purchase
550
bitcoin
per
day
as
a
reserve
asset
from
the
first
day
of
his
presidency
and
to
transfer
approximately
200,000
bitcoin
to
the
U.S.
Treasury.

Influence
Of
Satoshi
Action
Fund

The
language
and
ideas
in
the
Republican
platform
reveal
the
influence
of
Satoshi
Action
Fund.
This
organization
has
been
key
in
educating
lawmakers
and
pushing
for
state-level
legislation
that
supports
bitcoin.
Four
states
have
enacted
such
laws,
and
their
success
in
getting
over
20
states
to
consider
bitcoin-friendly
policies.

A
Critical
Moment
For
American
Politics

By
embedding
‘Bitcoin
Rights’
into
their
party
platform,
the
GOP
is
signaling
a
clear
alignment
with
pro-crypto
policies
that
could
shape
the
future
of
financial
regulation
in
the
United
States.
The
convergence
of
political
resilience
and
financial
innovation
marks
a
defining
moment
for
Trump
and
the
wider
acceptance
of
bitcoin
in
mainstream
politics.

As
the
GOP
embraces
‘Bitcoin
Rights,’
the
United
States
could
see
more
federal
policies
supporting
cryptocurrency,
influenced
by
grassroots
advocacy
and
state-level
successes.

Bitcoin’s
Bipartisan
Appeal

Bitcoin’s
resilience
and
growing
interest
from
both
parties
show
that
it
is
not
a
partisan
issue.
While
the
GOP
has
clearly
defined
its
pro-bitcoin
stance,
the
Biden
administration
has
also
acknowledged
the
importance
of
bitcoin.
David
Bailey
captured
it
perfectly:
“It’s
not
a
red
party
thing,
it’s
not
a
blue
party
thing,
it’s
an
orange
party
thing.

By
embracing
a
nonpartisan
approach,
the
United
States
can
ensure
a
stable
and
progressive
financial
environment,
leading
the
way
for
global
adoption
and
regulation
of
bitcoin.

On
Wednesday,
July
10,
key
administration
officials
and
prominent
figures
like
Mark
Cuban
and
Mike
Brock
attended
a
bitcoin
roundtable
organized
by
Congressman
Ro
Khanna
in
Washington.
When
asked
about
the
outcome
of
the
meeting,
Mike
Brock
told
Forbes,
“I
was
asked
as
a
condition
of
being
there
to
not
violate
the
confidence
of
the
discussions,
but
I
can
say
that
I
was
pleasantly
surprised
by
the
constructive
engagement
that
was
being
shown.”

Anita
Posch,
Founder
of
Bitcoin
For
Fairness,
tweeted
about
the
broader
perspective
on
bitcoin’s
utility:

The
influence
of
organizations
like
the
Satoshi
Action
Fund,
advocating
for
pro-bitcoin
legislation,
demonstrates
the
apolitical
momentum
behind
bitcoin.
As
the
U.S.
continues
to
shape
its
bitcoin
policies,
global
regulatory
frameworks
are
likely
to
follow.
Dennis
Porter
from
the
organization
said,
“When
the
U.S.
acts,
the
rest
of
the
world
follows.”

We
are
witnessing
game
theory
play
out
in
real-time,
as
nations
and
organizations
adapt
to
the
growing
significance
of
bitcoin
in
the
global
financial
system.