Former President Donald Trump spoke at Bitcoin2024 Conference in Nashville
He vowed to scrap Biden administration's central bank plan for crypto
Trump promised to create a cryptocurrency advisory board if elected
Former President Donald Trump unveiled his plan for cryptocurrency during a historic speech as the first major party candidate to address a Bitcoin event anywhere in the world. Speaking at the Bitcoin2024 Conference in Nashville's Music City Center, Trump promised to create a cryptocurrency advisory board and scrap the Biden administration's central bank plan for crypto if elected. He vowed to end what he called
Trump vowed to end ‘persecution’ of the crypto industry if returned to the White House
He promised sweeping deregulation and establishment of a ‘strategic national Bitcoin stockpile’
Accuracy
Trump's campaign has raised $25 million from cryptocurrency donations in the last two months
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(95%)
The author, Chris Cameron, uses an appeal to persecution fallacy by stating that 'the same left-wing fascists' are attacking the crypto industry and that this is part of a larger pattern of persecution. He also states that 'they've done it to me.' This implies that those who are against regulation in the crypto industry are being treated unfairly, just like Trump himself. However, this does not necessarily mean that there is no valid reason for regulation or that those advocating for it are fascists.
Former President Donald J. Trump: 'Sadly, we see the attacks on crypto. It's a part of a much larger pattern that’s being carried out by the same left-wing fascists to weaponize government against any threat to their power. They’ve done it to me.'
Former President Donald Trump spoke at the Bitcoin Conference in Nashville and pledged to maintain the U.S. government’s current bitcoin holdings if returned to the White House.
Third-party candidate Robert F. Kennedy Jr. proposed launching a reserve of 4 million bitcoin, starting with existing government holdings.
Senator Cynthia Lummis proposed amassing an official U.S. federal reserve of 1 million bitcoin over five years.
Accuracy
Trump criticized the Biden administration’s regulatory approach to crypto and promised to dismantle it if elected.
Deception
(30%)
The article contains selective reporting as it only reports details that support Trump's position of maintaining the U.S. government's bitcoin holdings and his pledge to create a 'bitcoin and crypto presidential advisory council'. It does not mention or provide context about other aspects of Trump's speech, such as his past dismissive comments about bitcoin or his promises to fire Gary Gensler, which are important in understanding the full scope of Trump's position.
The former president's remarks came as the race to capture America’s frontline fintech adopters takes center stage in the 2024 presidential contest.
But Trump’s pledge to simply maintain the U.S. government’s current bitcoin holdings was a less radical pitch to the crypto crowd relative to other proposals at the conference.
The Republican presidential nominee also held an accompanying fundraiser in Nashville, with tickets topping out at $844,600.
Fallacies
(100%)
None Found At Time Of
Publication
Bias
(95%)
MacKenzie Sigalos demonstrates a clear political bias towards Donald Trump in this article. The author's statements are consistently positive towards Trump and critical of the Biden administration. For example, 'The Biden-Harris administration’s repression of crypto and bitcoin is wrong and it’s very bad for our country.' This statement is an opinion that takes a clear stance against the current administration, demonstrating a bias. Additionally, Sigalos quotes Trump making positive statements about bitcoin without providing any counterpoint or criticism. The author also uses language that depicts the Biden administration as 'vicious' and 'ruthless', further demonstrating a negative bias towards them.
For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin.
Let me tell you if they win this election, every one of you will be gone. They will be vicious. They will be ruthless.
The Biden-Harris administration’s repression of crypto and bitcoin is wrong and it’s very bad for our country.
