Former U.S. President Donald Trump has recently given a highly-anticipated speech at the Bitcoin 2024 conference in Nashville, where he vowed to ensure the federal government wouldn’t sell off its Bitcoin holdings if he returns to the White House.

Advisers to Vice President Kamala Harris have started reaching out to top cryptocurrency companies in a bid to amend strained ties between the Democratic Party and the industry.

A Hong Kong lawmaker has pledged to start discussions about including Bitcoin in the territory's financial reserves, following former U.S. President Donald Trump's pro-cryptocurrency stance at a Bitcoin conference over the weekend.

Top stories in the Crypto Roundup today:

• Trump Vows to Make US a ‘Bitcoin Superpower’
• Harris Campaign Extends Olive Branch to Crypto Industry
• Hong Kong Lawmaker Proposes Adding Bitcoin to Financial Reserves

Trump Vows to Make US a ‘Bitcoin Superpower’

Former U.S. President Donald Trump has recently given a highly-anticipated speech at the Bitcoin 2024 conference in Nashville, where he vowed to ensure the federal government wouldn’t sell off its Bitcoin holdings if he returns to the White House.

During his speech, Trump laid out his plan “to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world and we’ll get it done.”

Trump also said that, if elected, he would dismantle the “anti-crypto crusade” of President Joe Biden and Vice President Kamala Harris, adding that he would “on day one” fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.

The president of the United States, however, doesn’t have the power to fire appointed commissioners, but can appoint a new commissioner for the SEC.

The former President also vowed to create a “bitcoin and crypto presidential advisory council,” and noted he intends to have every remaining Bitcoin to be mined in the U.S., while defending the right to self custody of cryptoassets.

The former U.S. President’s speech was followed by Senator Cynthia Lummis, R-Wy., reading out a legislative proposal to create an official U.S. Federal Reserve of 1 million Bitcoin over the next five years, which would be held for a minimum of 20 years and would be used to reduce the country’s debt.

Trump’s proposals were less radical than those of third-party candidate Robert F. Kennedy Jr., who said he would launch a reserve of 4 million BTC, starting with the holdings the government has attained through criminal seizures.

Harris Campaign Extends Olive Branch to Crypto Industry

Advisers to Vice President Kamala Harris have started reaching out to top cryptocurrency companies in a bid to amend strained ties between the Democratic Party and the industry.

Members of Harris's team have reportedly contacted key players in the industry, including leading cryptocurrency exchange Coinbase, stablecoin company Circle, and blockchain payments firm Ripple Labs, to foster a more constructive dialogue and establish a regulatory framework conducive to the industry's growth.

The move comes as the cryptocurrency industry has increasingly started supporting her rival in the U.S. Presidential race, former President Donald Trump, who has vowed to support the crypto industry and make the U.S. a “Bitcoin superpower.”

Trump's campaign has seen a surge in cryptocurrency donations, with pro-crypto super Political Action Committee (PAC) Fairshake raising over $200 million from prominent backers.

The Harris campaign's outreach is part of a broader effort to reshape the perception of the Democratic Party among business leaders, who have grown wary of the party's seemingly anti-business stance over the antitrust actions against tech companies carried out by the Biden administration.

Hong Kong Lawmaker Proposes Adding Bitcoin to Financial Reserves

A Hong Kong lawmaker has pledged to start discussions about including Bitcoin in the territory's financial reserves, following former U.S. President Donald Trump's pro-cryptocurrency stance at a Bitcoin conference over the weekend.

Johnny Ng, a member of the Hong Kong Legislative Council, wrote on social media that the idea of incorporating Bitcoin into the region's official reserves is “worth considering,” pointing to the growing global acceptance of Bitcoin and its perception as "digital gold" due to its underlying technology.

He noted that “as long as it is compliant” it’s worth researching “including Bitcoin in strategic financial reserves.” The lawmaker added he will be discussing the “feasibility and opportunities” of such a move with different stakeholders in the region.

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