Trump and Republicans seek crypto support and funding at 'Bitcoin 2024'

- Donald Trump, once a critic of cryptocurrency, will headline the Bitcoin 2024 convention in Nashville alongside other prominent Republicans and Democrats.

- The industry has seen a resurgence following the collapse of FTX and other crypto companies in 2022, with digital asset proponents highlighting the growing political influence of cryptocurrency users this election cycle.

- Republicans are appealing to crypto users by promising lighter regulation, potentially aligning a currency designed to bypass government control with a major U.S. political party.

Former U.S. President Donald Trump, who previously criticized cryptocurrency as a "scam," is set to take the stage at the Bitcoin 2024 convention in Nashville this Saturday. Joining him are notable figures like former candidate Vivek Ramaswamy, Senators Bill Hagerty and Cynthia Lummis, and U.S. Representative Ro Khanna. The industry has witnessed a resurgence post the 2022 collapse of FTX and other crypto companies, with advocates emphasizing the increasing political clout of cryptocurrency users in the upcoming elections. Republicans are strategically targeting these users with promises of relaxed regulations, solidifying the link between a currency designed to operate independently of government oversight and a major U.S. political party.