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Trump attends
Recently, conference organizers announced that Republican presidential candidate Trump will speak at the Bitcoin conference in Nashville, Tennessee later this month.
Earlier in the day, speculation was growing that Trump would attend the meeting as speakers told the media that their speech time was reassigned to telve for the “a very special guest” described in the email.Out of the space.
Recently, a conference spokesperson revealed that former President Trump will deliver a 30-minute speech at 2 p.m. (19:00 UTC) on the last day of the meeting, with the meeting from July 25 to 27.
Trump has been leaning towards Bitcoin and cryptocurrency rhetoric since he publicly supported the industry at the NFT Gala this spring.Since then, he has integrated his policy of supporting Bitcoin into the Republican core platform, in stark contrast to the Biden administration.
Trump’s upcoming speech could further enhance his self-proclaimed cryptocurrency supporter, despite his previous concerns about cryptocurrency.But now, it is widely expected that he will attend the Bitcoin annual gathering.
In the year of this year’s election, Trump announced at a party at Mar-a-Lago that he was a “cryptocurrency candidate”, and then announced that he would accept donations from cryptocurrencies such as Bitcoin, Ether, Dogecoin, and Solana.
His stance on cryptocurrencies has undergone a major shift.A few years ago, he denounced Bitcoin as a “scam against the dollar” and said the central bank’s digital currency was “very dangerous”.Over the past few years, he has said that cryptocurrency is “an imminent disaster” and that he “don’t like it.”But now he says he is “very optimistic” to cryptocurrencies.
Attitude changes
President Biden’s re-election campaign is also considering accepting Bitcoin and crypto donations after hearing Trump’s repeated statements in support of cryptocurrencies during the campaign.
Not only that, Democrats’ attitude towards Bitcoin and other cryptocurrencies has also changed.Those who have traditionally opposed cryptocurrencies are now singing a more pro-crypto tone, keeping a distance from Democratic Senator Elizabeth Warren’s tough stance on Bitcoin.
Under Biden’s leadership, the U.S. House of Representatives passed an unprecedented crypto market structure bill two months ago, aiming to regulate the entire industry.
The cryptocurrency community is eager to see what the two leaders — especially Trump — think and practice about cryptocurrencies.Trump has not announced how he plans to support the development of cryptocurrencies and blockchain through policies.However, he met with cryptocurrency miners last month and said all remaining bitcoins should be created in the United States.
Although this does not mean that the crypto community is more inclined to support Trump than Biden.But because of the diverse demographics of crypto communities, they have a large number of millennials, Gen Z and young professionals.
It’s not too late for the Democrats to win support from the cryptocurrency community, but they obviously don’t have time.“If the Democrats and Biden campaign propose a balanced policy and regulatory approach, they can still attract many in the cryptocurrency community,” analysts said.
Big Trend
This year’s election year, cryptocurrency companies invested millions of dollars in political campaigns.This is a new trend that reflects the recognition that cryptocurrencies have become an important political topic and that their future may be affected by the outcome of the U.S. presidential election.
For example, Coinbase, the largest cryptocurrency exchange in the United States, recently donated $25 million in June to support the Super Political Action Commission Fairshake, which aims to help elect for digital assets by voting to eliminate anti-cryptocurrency politicians in Congress.candidates.
The Winklevoss twin brothers, founder of cryptocurrency company Gemini, each donated 1547 bitcoins, equivalent to $1 million in June to support Donald Trump’s campaign.Tyler Winklevoss posted on X that President Biden’s Democratic administration “openly declared war on cryptocurrencies”, while Cameron Winklevoss wrote that Trump “supports Bitcoin, cryptocurrencies and commerce.”
Jesse Powell, CEO of cryptocurrency exchange Kraken, donated $1 million to Trump’s campaign.He wrote that the Biden administration allowed “law enforcement unrestricted regulation.”
It is clear that the Trump campaign outperforms the Biden campaign in terms of cryptocurrency as a political issue in this campaign.He mentioned that the Biden campaign should increase its efforts to reach the cryptocurrency community.
In the election and cryptocurrency chaos, the more important question is how cryptocurrencies will affect finance and our future.“Both candidates and both parties must recognize that cryptocurrencies will continue to exist and are an integral part of our country and our economy’s future,” he said.
