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Bitcoin Nashville Conference in Pictures: Orange Athena, Pink Suits, Polymarket Swag, Trump's Song
Attending the Bitcoin Nashville conference last week hosted by BTC Inc. was an exercise in sensory-overload management: Try to stay in the moment, follow the thread, and hopefully don't lose your mind or your wits. A couple of us CoinDesk journalists were lucky enough to attend in person, and rather than write some hackneyed conference-wrap article that nobody would read, we thought we'd spare you the windy prose and just give you a glimpse of our journey. While trying to take it all in, we had to simultaneously plan our strategy for how exactly we were going to cover former...
In Donald Trump's Own Words – a Partial Transcript of His Bitcoin 2024 Speech
The following excerpts from former President Donald Trump's speech – aided by AI transcription – focus on portions of his remarks in Nashville, Tenn., in which he addressed crypto and the industry directly.
Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt
NASHVILLE — U.S. Senator Cynthia Lummis plans to introduce legislation calling for a "strategic bitcoin reserve" that will reduce the national debt of the United States by buying 1 million bitcoin {{BTC}} over the course of five years. The bitcoin would be held for at least 20 years, she said. "This is the solution. This is the answer. This is our Louisiana purchase moment,” the Wyoming senator said on stage after former President Donald Trump spoke and endorsed the idea of a bitcoin reserve. At current prices, 1 million bitcoin are worth about $68 billion.
Trump Backs U.S. Bitcoin Reserve and Says Democrat Win Will Be Disaster for Crypto: 'Every One of You Will Be Gone'
NASHVILLE — Former U.S. President Donald Trump promised to maintain a "strategic national bitcoin reserve" and "never sell" the government's seized bitcoin in a freewheeling speech that tightened the Republican candidate's grip on the crypto voting and fundraising bloc. Leading up the event, there had been speculation and hope among crypto fans that Trump would announce such a reserve. Read more: U.S. Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt Speaking in a packed hall Saturday before over 3,000 attendees at the Bitcoin Conference in Nashville, Trump said of bitcoin, "I want it to be mined, minted and made in the U.S." He then laid out a "comprehensive" crypto policy that spanned from stablecoin regulation to the right to self-custody one's bitcoin.
Wall Street's Cantor Fitzgerald to Open Bitcoin Financing, Lending Business
NASHVILLE — Financial services firm Cantor Fitzgerald will open a bitcoin financing business, CEO Howard Lutnick said at the Bitcoin Conference Saturday. "We are going to launch with $2 billion in lending," Lutnick said, and increase the facility in $2 billion tranches as needed. He later added: "We are going to welcome bitcoin into the financing family of the global financial markets." The business will provide leverage to bitcoin holders, according to a press release. Cantor Fitzgerald's new lending facility isn't its first step into crypto; It already does business with stablecoin issuer Tether. The firm additionally owns a "s***load" of bitcoin, Lutnick said.
Democratic Crypto Supporters Call for Crypto-Friendly Party Platform
More than a dozen Democrats in the U.S. House of Representatives and a long list of candidates for congressional seats are pushing their national committee to adopt a pro-crypto stance, according to a letter they sent on Saturday.
Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut
U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to innovate in the U.S.
Trump Speaks Saturday at the Bitcoin Conference. Here's What Attendees Like 'The Crypto Patriot' Hope He Says.
NASHVILLE — It's finally here: President Donald Trump Bitcoin Conference Speech Eve. That means Friday is the last weekday you'll exist in a world where a U.S. presidential candidate hasn't given the keynote speech at the Bitcoin Conference. As his appearance looms, people wonder: What will he talk about? There is speculation he'll announce plans, or at least hopes, for the U.S. government to hoard a bitcoin strategic reserve. Trump has spoken previously about wanting bitcoin {{BTC}} to be made in America, so perhaps that'll come up again. Maybe he'll diss his likely opponent, Vice President Kamala Harris, for declining an invitation to the very conference he's speaking at. CoinDesk journalists are in Nashville for the event. Here's what attendees on the show floor and speakers on stage had to say.
Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore
Singapore's government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.
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