Trump to Make US the Crypto Capital in Bitcoin 2024 Speech

Trump aims to make the US the crypto capital and vows not to sell government-held Bitcoin if re-elected.

The US holds 212,847 BTC, worth around $14.4 billion. Some funds come from seized assets linked to the 2016 Bitfinex hack.

Legal challenges exist in returning stolen Bitfinex funds, as ongoing investigations complicate the process.

Trump's administration would "hold" all BTC, likely meaning no selling for fiat profit, but flexible to court orders.

Trump promises to commute Silk Road founder Ross Ulbricht's sentence, keeping seized BTC with the government.

A commutation leaves Ulbricht's conviction intact, unlike a pardon, which could allow a path to reclaiming seized funds.

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