Quick take:
- The US has maintained a strict approach to crypto with the SEC launching investigations against the likes of Binance US, Coinbase, Ripple, and Robinhood Crypto.
- Trump has expressed his positive plans for the industry if elected the 47th President of the United States.
- He recently received a $1 million donation from Kraken founder Jesse Powell for his campaign.
Donald Trump is expected to further reaffirm his support for crypto adoption in the United States later this month. The 2024 US Presidential Election candidate will speak at the Bitcoin 2024 Conference in Nashville, Tennessee, on July 25 – 27.
The event organisers announced the news via their official X account on Thursday morning.
This announcement comes just months before the upcoming US Presidential Election in November.
Trump has maintained a positive view towards crypto as he vows to create a more conducive environment for the industry if elected president.
The former POTUS has been active in the industry since he launched his first NFT collection of digital collectible cards in 2022.
Recently, he announced his campaign will welcome crypto donations; since then, he’s received millions of dollars from the crypto industry. Last month, Kraken founder Jesse Powell donated $1 million to Trump’s campaign. Several other crypto companies including Coinbase also attended the fundraiser with Trump securing $12 million for his campaign.
Several crypto companies are also lobbying to support political action committee groups inclined to crypto as they seek to have more crypto-friendly people in electoral positions.
A statement announcing Trump’s planned speech highlighted the former President of The United State’s support for crypto saying: “Trump announced his support for the American Bitcoin industry in May 2024, advocating for financial freedom and the growth of the U.S. Bitcoin industry on the global stage.”
In June, Trump also declared his support for Bitcoin mining firms saying he wants to see more US firms involved.
“We want all the remaining Bitcoin to be MADE IN THE USA,” Trump said on his Truth Social platform.
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