At the Bitcoin 2024 conference held in Nashville, Donald Trump promised in his speech that if elected, he would fully support the American crypto-asset industry, aiming to make the USA the world’s leading crypto superpower. Additionally, he vowed to fire SEC Chairman Gary Gensler and prevent the United States from selling its bitcoin holdings, which he envisions as a strategic bitcoin reserve for the future. He also reiterated his previous promises to reduce the sentence of Silk Road founder Ross Ulbricht and to halt the further development of the central bank digital currency (CBDC) by the American government, as well as to support the development of stablecoins and bitcoin mining in the country.

At the same Bitcoin 2024 event, Howard Lutnick, CEO of Cantor Fitzgerald, announced the firm’s plans to launch a Bitcoin financing division with an initial funding of $2 billion. The division will offer leverage to investors holding digital assets. Lutnick emphasized that Bitcoin should be traded globally like gold, without exceptions or restrictions.