- Donald Trump is in talks to speak at the Bitcoin 2024 convention in Nashville at the end of July.
- Trump and Biden are making cryptocurrency a key part of their 2024 election strategies.
Cryptocurrency and its regulation have emerged as a pivotal topic in the U.S. presidential campaigns, sparking heated debates and diverse reactions within the crypto community. The conversation around cryptocurrency and Bitcoin (BTC) has intensified since the election campaign began in late May, drawing significant attention from both supporters and critics.
Former President Donald Trump, who previously criticized cryptocurrencies, has recently strongly supported Bitcoin and called himself “Crypto President.” Further, he has been in discussions to speak at the Bitcoin 2024 convention in Nashville at the end of July. This event, organized by Bitcoin Magazine, is expected to be the largest Bitcoin gathering of the year.
Alongside Trump, other political figures, such as presidential candidate Robert F. Kennedy Jr., former candidate Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn, are also slated to speak.
Trump’s upcoming appearance at the Bitcoin 2024 convention highlights his new pro-crypto stance. Also, recently, he emphasized the need for the US to dominate Bitcoin mining and vowed to end what he calls Joe Biden’s “war on crypto” during the leading Bitcoin miners meeting.
Biden Administration Reengages with Crypto Policy
In parallel, the Joe Biden administration is also engaging with cryptocurrency policy. The White House has rehired Carole House, a cybersecurity advisor who was crucial in advising on the president’s 2022 crypto-focused executive order.
Additionally, President Biden is considering accepting cryptocurrency donations via Coinbase Commerce, a move that has generated considerable discussion within the crypto community.
This marks a significant shift from his earlier stance, which was unfavorable toward digital currencies. Further, this growing political involvement of the crypto sector suggests its potential impact on future regulatory frameworks and economic policies.
