Trump Discusses Bitcoin Following Ethereum ETF Launch on Crypto Twitter This Week
Crypto Twitter was abuzz following former President Donald Trump’s appearance at Bitcoin Nashville, where he outlined campaign promises targeted at attracting Bitcoin enthusiasts and crypto investors. Despite a delayed start and meandering speech, Trump declared his vision for the U.S. to become the crypto capital of the world.
One of the most enthusiastically received pledges was Trump’s vow to dismiss SEC Chair Gary Gensler, a move that garnered significant applause and surprise from the audience. Senator Cynthia Lummis also proposed establishing a strategic U.S. Bitcoin reserve as a means to address the national debt.
In a separate development, the debut of spot ETH ETFs on Wall Street generated mainstream headlines for the crypto industry. Despite initial outflows, the launch was deemed successful by analysts like Bloomberg’s James Seyffart, who praised it as a solid first day.
However, some users expressed disappointment as ETH’s price failed to rise following the ETF listing. Nevertheless, others viewed the lackluster performance as a positive indicator for future growth, drawing parallels to Bitcoin’s history of price fluctuations post-ETF introductions.
The week’s events showcased Ethereum’s increasing legitimacy, with the display of Bitwise Ethereum ETF banners at the New York Stock Exchange. Meanwhile, speculation arose around the possibility of Democratic nominee Kamala Harris attending a crypto event, signaling a potential bipartisan embrace of the industry.
While Harris never confirmed her attendance, the excitement surrounding her potential engagement with the crypto community was fueled by reports of her team seeking advice from Bitcoin advocate Mark Cuban. Despite hopes for a public statement on crypto, Harris’s silence on the matter left many speculative discussions unconfirmed.
The week culminated in a mix of excitement and uncertainty, with the crypto community eagerly anticipating further developments in the evolving landscape of digital assets and political engagement.
