# Donald Trump Declares the Bitcoin Nation

The bitcoin2024 conference in Nashville witnessed the major event of the year in the Bitcoin world. Donald Trump's speech was the highlight. Here are his key statements.

### Highlights of Donald Trump’s Speech at bitcoin2024

### Bitcoin Conference in Nashville

The bitcoin2024 conference in Nashville gathered prominent figures from the Bitcoin community, including Robert F. Kennedy Jr., Edward Snowden, and Michael Saylor. Donald Trump’s delayed appearance kept the audience in anticipation, with Trump finally taking the stage an hour later than scheduled.

### Bitcoin Price Reaction

Trump's anticipated speech initially drove Bitcoin prices up to over $69,000. However, as his delay extended and during his speech, the price declined to below $67,000.

### Trump’s Pro-Bitcoin Transformation

Trump, once a Bitcoin skeptic, now embraces Bitcoin as a symbol of American patriotism. He aims to make the U.S. a leading Bitcoin nation, comparing Bitcoin’s significance today to the steel industry 100 years ago. He emphasizes that the U.S. must lead globally in the Bitcoin sector to prevent China from dominating.

### Advocacy for U.S. Bitcoin Mining

Trump supports U.S.-based Bitcoin mining, advocating for the expansion of the electricity sector to power both artificial intelligence and Bitcoin mining. He aims for the U.S. to mine as much Bitcoin as possible.

### Criticism of the SEC

Trump criticized the SEC, describing its actions against the crypto sector as a "three-year war on crypto." He pledged to replace SEC Chair Gary Gensler with a pro-crypto leader on his first day if elected president.

### Krypto-Regulation and Self-Custody

Trump plans to establish a "crypto advisory board" and develop progressive crypto regulations within 100 days of his presidency. He also vowed to protect self-custody of cryptocurrencies and opposed Central Bank Digital Currencies (CBDCs), favoring stablecoins to support the US dollar.

### Bitcoin Tax Exemption

He stated that Bitcoin is not a threat to the US dollar but to government mismanagement. Consequently, he proposed exempting Bitcoin from taxes.

### National Bitcoin Reserve

Trump promised that all Bitcoin held by the U.S. government would be kept in a national Bitcoin reserve, adopting the motto "Never sell your Bitcoin."

### Pardon for Ross Ulbricht

Trump also vowed to pardon Ross Ulbricht, the founder of the darknet marketplace Silk Road, a long-standing demand of the Bitcoin community.

### Conclusion

Trump’s speech at bitcoin2024 showcased his shift to a strong pro-Bitcoin stance, proposing substantial changes to how the U.S. handles Bitcoin and cryptocurrency regulations. His plans include making the U.S. a leader in Bitcoin mining, establishing a national Bitcoin reserve, and reshaping the SEC to support the crypto sector.

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