Cynthia Lummis is a Republican Senator who has been a long-time advocate of crypto. After former president Donald Trump made hints about creating’some sort of bitcoin reserves in the United States’, she came up with the receipts.
Trump delivered an hour-long speech to about 10,000 people in Nashville at the Bitcoin 2024 Conference. Trump’s promises to the financial industry included vows to fire Securities and Exchange Commission Chairman Gary Gensler “on day one,”— which legal experts say he may not be able to do — and commute the sentence of Silk Road founder Ross Ulbricht, who has been incarcerated since his conviction in 2015.
Trump’s largest pledge on Saturday, however, was to “keep 100% of all bitcoin the US government currently holds or acquires.” He did not mention the DOJ, or US Marshals Service which regularly auctions off seized cryptos, though he alluded to them.
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