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Former President Donald Trump pledged to cryptocurrency enthusiasts on Saturday that he would establish a strategic Bitcoin reserve and fire Securities and Exchange Commission Chairman Gary Gensler if he returns to the White House in November.
Speaking at the Bitcoin 2024 conference in Nashville, Tenn., Trump outlined steps that would turbocharge the crypto industry as part of his agenda.
“You are building America’s future with your own smarts, your own grit, and your own skin in the game,” he stated. “My job will be to set you free.”
Trump’s crypto platform also includes a promise to create a “Bitcoin and Crypto Presidential Advisory Council” and to halt any consideration of a central-bank-issued digital currency.
The proposed strategic Bitcoin reserve, expected to boost crypto prices, was one of the most anticipated initiatives among cryptocurrency holders.
Bitcoin was last quoted down 0.96% at $66,814.