Republican presidential candidate Donald Trump will speak at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27.
Organizers of the event also said that Trump has expressed his support for the U.S. Bitcoin sector in May 2024, advocating for financial freedom and advancing the industry on the world stage.
Trump, who is campaigning against Democratic presidential candidate Joe Biden in the upcoming U.S. election in November, portrayed himself as a supporter of cryptocurrencies at a San Francisco fundraiser in June, criticizing Democratic efforts to regulate the industry.
The cryptocurrency sector is increasingly seeking to influence U.S. policymakers as it faces increased scrutiny from regulators such as the Securities and Exchange Commission (SEC).
In addition, Trump recently expressed a desire for all remaining Bitcoin tokens to be produced in the US.
Bitcoin’s potential for a bull run might depend on the trajectory of the US Dollar Index (DXY), according to prominent crypto trader CarpeNoctom.
The DeFi sector faced a turbulent start to 2025, with the total value locked (TVL) dropping to $156 billion by the end of the first quarter.
Bitcoin exchange-traded funds (ETFs) in the United States recorded significant net outflows of nearly $100 million on Thursday, coinciding with a sharp decline in the U.S. stock market.
Crypto analyst Crypto Capo believes that Bitcoin may be on the verge of a significant upward move despite its recent dip.