U.S WILL BE THE "CRYPTO CAPITAL OF THE PLANET" SAY'S TRUMP

Donald Trump has indeed shifted his stance on cryptocurrency, from criticizing it to embracing it. At the 2024 Bitcoin Conference, he expressed his vision to make the U.S. the "crypto capital of the planet and the Bitcoin superpower" .

This is a significant departure from his previous stance, where he called Bitcoin "a scam" competing against the dollar .

Trump's newfound support for crypto is likely an appeal to the tech sector, which has long demanded looser regulatory oversight. He's promised to appoint a Bitcoin and crypto presidential advisory council to design transparent regulatory guidance for the industry .

This council would have 100 days to develop guidelines beneficial to the entire industry.

Some key points from Trump's crypto plan include:

Firing SEC Chair Gary Gensler: Trump has vowed to remove Gensler, who's been critical of the crypto industry, calling it "rife with fraud, scams, bankruptcies, and money laundering."

Holding onto U.S. Bitcoin reserves: Trump plans to direct the U.S. to retain its existing Bitcoin holdings "into the future" .