Bitcoin Conference in the US: What to Expect
All eyes are on the Bitcoin conference starting today, with the main topic being the position and importance of BTC in the US. US presidential candidate Donald Trump is set to give a speech on July 27.
Senator Cynthia Lummis to Make Key Speech at Bitcoin Conference
According to FOX Business, Senator Cynthia Lummis, a proponent of cryptocurrency, will deliver an important speech at the Bitcoin conference. She recently hinted at significant developments to come, urging followers to stay tuned.
FOX Business reports that Lummis’ plans include solidifying Bitcoin’s position in the US, particularly by advocating for a greater role for the Federal Reserve in BTC matters.
Trump to Speak in Support of Bitcoin
Presidential candidate Donald Trump is set to deliver a speech in front of 20,000 people, where he is expected to express support for Bitcoin and make moderate comments regarding the cryptocurrency.
Lummis to Persuade Trump on Bitcoin
Susan Lummis will attempt to convince Trump to support the Federal Reserve’s purchase of Bitcoin. Lummis’ proposal would require the Fed to hold Bitcoin as a strategic reserve asset. FOX Business reported that the specifics of Lummis’ plan are unclear, as it is unknown how the Senator will address the issue at the conference.
Support for Lummis’ Proposal
According to FOX Business, Lummis is expected to discuss her proposal immediately before Trump’s speech. Those accompanying the Senator believe that Trump will support the proposal and the idea behind it.
Benefits of Bitcoin as a Strategic Reserve Asset
Alex Chizhik, the chief commercial officer of HarrisX, stated that holding Bitcoin as a strategic reserve asset could benefit the US dollar and capital markets.
Trump’s Views on Bitcoin and Federal Reserve
President Trump recently expressed his opinion on the importance of the United States becoming a central hub for Bitcoin and preventing China from taking the lead in the competition. He believes that this move would bring stability to the economy and is in favor of the Federal Reserve buying and managing Bitcoin.
