News:

Former US President Donald Trump has vowed to prevent the federal government from selling its Bitcoin assets if he is re-elected. Speaking at the Bitcoin Conference in Nashville, the largest of its kind, Trump emphasized his commitment to maintaining the government’s current Bitcoin holdings. However, he did not propose the creation of an official federal reserve for virtual currencies.

Further Explanation:

During his keynote address, Trump criticized the current administration’s handling of cryptocurrencies, contrasting it with his proposed approach. He stated, “For too long our government has violated the cardinal rule that every Bitcoiner knows by heart: Never sell your Bitcoin.”

Trump’s comments are part of his broader strategy to position the United States as a leader in the global cryptocurrency market.

He expressed a desire to differentiate himself from the regulatory stance of the Biden administration, promising a more crypto-friendly environment. “The persecution of cryptocurrencies and bitcoin by the Biden-Harris administration is wrong and very bad for our country,”

Trump declared. He assured his audience that under his leadership, the government would support the growth of the cryptocurrency industry rather than hinder it.

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