Trump's Cryptocurrency Turnaround: From Critic to Headliner at Bitcoin 2024

Donald Trump, once a vocal critic of cryptocurrency, is now headlining the Bitcoin 2024 convention. Other prominent speakers include Robert F. Kennedy Jr., Vivek Ramaswamy, and Ro Khanna. The event signifies the political influence of crypto advocates, as Republicans increasingly support lighter regulation and pro-crypto candidates.

Former U.S. President Donald Trump, who previously called cryptocurrency a 'scam,' will now headline the Bitcoin 2024 convention in Nashville. The industry event will also feature speeches from Robert F. Kennedy Jr., Vivek Ramaswamy, and Ro Khanna, among others.

Cryptocurrency's political influence is growing, with Republicans promising lighter regulation and crypto-focused super PACs raising substantial funds. Although traditionally nonpartisan, the sector could be shifting towards Republican support.

Trump's recent actions, including meeting with bitcoin mining companies and criticizing Democrat-led regulatory efforts, demonstrate his newfound support for the industry. This has attracted traders betting on a second Trump presidency, looking to benefit from favorable crypto policies.

(With inputs from agencies.)