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Trump to Address Bitcoin Event in Show of Crypto Support

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Bloomberg Jul 12 12:06 · 21.3k Views

Donald Trump will speak at a Bitcoin conference this month, according to the event’s organizers, an address that would highlight his growing embrace of the cryptocurrency industry. Bloomberg's Sonali Basak joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology."

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Transcript

  • 00:00 It doesn't mean more and more of the Republican viewpoint that this is something to win on.
  • 00:04 That has been a massive debate.
  • 00:05 And that is seemingly where things are coming off, especially when you've had such serious pushback here, not only from the Securities and Exchange Commission, but President Biden himself when it comes to certain aspects here, the Biden administration's approach to how legislation has been crossing the lines in Congress.
  • 00:23 And so remember, we're standing here at a moment where such little progress has been made on key stable coin bills, for example.
  • 00:29 And there's a hope here that perhaps a change in an administration will really start to dilute some of the influence some of the
  • 00:37 stronger voiced anter crypto members of Congress have had.
  • 00:41 Think Sherrod Brown, think Elizabeth Warren.
  • 00:44 The idea here that a more
  • 00:46 Republican president, but also more Republican lawmakers in Congress overall, will really start to cause a dent in how the industry has been approached in the last four years.