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.
As institutional adoption of Bitcoin accelerates, U.S. asset management giant Franklin Templeton has issued a cautionary note on the growing trend of crypto-based treasury strategies.
Bitcoin rose 1.78% over the past 24 hours to reach $109,500 at the time of writing, driven by surging institutional inflows into spot ETFs, easing global trade tensions, and strengthening technical momentum.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), known by its ticker IBIT, has surpassed the firm’s flagship S&P 500 ETF in annual revenue, according to a new report from Bloomberg.
Ripple has officially applied for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to establish a new regulatory benchmark for trust in the stablecoin market.