- Donald Trump is set to attend the Bitcoin 2024 conference as a keynote speaker.
- The House of Representatives has postponed its vote on overriding President Biden’s SEC veto.
As a seasoned crypto investor, I’m keeping a close eye on the latest developments in the Bitcoin community and the regulatory landscape. The news that former President Donald Trump will be speaking at the Bitcoin 2024 conference is an exciting development for me. This prominent event, which is one of the largest Bitcoin conferences globally, is set to take place from July 25-27, and Trump’s attendance adds a significant layer of intrigue and anticipation.
As a researcher, I’ve discovered that former U.S. President Donald Trump is set to be the featured speaker at the Bitcoin 2024 conference taking place in Nashville, Tennessee.
Bitcoin conference 2024
The major Bitcoin conference known for being among the biggest in the world is set to occur from the 25th to the 27th of July.
The Bitcoin Conference organisers shared the news via a post on X, formerly known as Twitter.
Voting postponed
The House of Representatives has delayed their vote to overturn President Joe Biden’s veto on the Securities and Exchange Commission (SEC) rule against cryptocurrencies, known as SAB 121. In simpler terms, the House postponed their attempt to reverse the SEC’s crypto rule that President Biden previously vetoed.
The vote, which was initially scheduled for the 10th of July, has been changed to the 11th of July at around 10:30 AM.
Upon receiving an urgent missive from President Biden, I noted that the House postponed the scheduled vote. Nevertheless, the content of that letter remains undisclosed to the public at present.
Frustrated by the issue at hand, Rep. Patrick McHenry, a prominent critic of the SEC’s rule, voiced his concerns.
“We should not be doing business this way.”
Trump vs. Biden
The differing stances taken by the two presidential candidates on cryptocurrency issues underscore the significant split within the crypto voting bloc.
One perspective holds that Trump’s latest pro-crypto position is consistent with his previous supportive views, whereas Biden maintains a tough stance on cryptocurrencies as the election draws near.
Remarking on the same, The Bitcoin Therapist took to X and said,
“The election will be won by Donald Trump, and by next year, Bitcoin is predicted to reach $150,000. Nothing can derail this momentum.”
Impact on memecoin and prediction market
The impact of this latest news was evident in the crypto meme market as well. At present, the memecoin inspired by Donald Trump, TREMP (Doland Tremp), had registered a growth of 2.4% over the last 24 hours.
In contrast, during that time frame, the cryptocurrency BODEN, which gained popularity under the influence of President Biden, experienced a decrease of 16.7%, as indicated by CoinGecko’s data.
The latest data from Polymarket’s prediction market indicates that Trump holds a significant lead with approximately 62% of the votes, while Biden has seen a decrease in support from 17% to 13%. Notably, Vice President Harris currently sits at 14% within the past 24 hours.
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2024-07-12 03:03