Donald Trump pledged to "never sell" the U.S. government's seized bitcoin, in addition to announcing his intention to maintain a "strategic national bitcoin reserve," in his speech at BTC 2024.
Trump emphasized the importance of embracing digital assets, likening crypto to the steel industry of the past and suggesting it may one day surpass gold. He warned that a Democrat victory in the election would be detrimental to the crypto industry.
Trump promised to remove Gary Gensler, Chair of the SEC, if elected, drawing applause from the crowd. This move was in response to Gensler's negative reputation within the crypto sector.
COMP token, linked to Compound, experienced a significant drop due to a potential 'governance attack' within the DAO running the protocol. Such attacks involve acquiring voting power to exploit the system for personal benefit.
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