Responding to Trump’s decision during the crypto conference
Thousands of crypto and blockchain enthusiasts gathered in Austin, Texas for the annual Consensus Conference, which took place from May 29 to 31. But as many regulators and industry leaders listen to discuss digital assets, new news quickly becomes the center of attention.
There was a lot to focus on at Consensus 2024, with many C-level executives and government officials in the same building. The recent approval of the 21st Century Financial Innovation and Technology Act by the US House of Representatives, the Securities and Exchange Commission's (SEC) approval of the Ether (ETH) convertible currency, the threat of US President Joe Biden, on the last day of the event, then – in the 2024 presidential election as a campaign issue in banking. against the SEC's decision to overturn the SEC's regulation of banks' handling of crypto and digital assets such as Bitcoin (BTC).
Cars, drugs and clothes
No topic seems off-limits. A team threw Jamie Dimon on the campaign trail after JPMorgan Chase's CEO thought about discussing Consensus after a drug-induced epiphany. In the year Back in 1985, a future movie featured a DeLorean car on display – flux capacitor and all – and attendees had a chance to win a Ford Mustang by keeping it hanging on the bar for the longest time. Many costumed adults show up for crypto conferences representing a brand or supporting a cause.
On May 30, as Liberal Party presidential candidate Robert F. Kennedy Jr. addressed a small group of media professionals, news broke that a jury had found Donald Trump guilty of 34 felony counts of falsifying business documents. Hurricane Daniel. The trial is the first time in history that a former US president has been convicted of a crime.
The industry responds to criminal charges
RFK Jr. He initially did not comment on Trump's decision on Consensus, but later issued a statement on X calling the result “deeply undemocratic.” Attorney John Deaton, who is running for the US Senate seat in Massachusetts against incumbent Elizabeth Warren, told Cointelegraph on May 30 that “the justice system will correct itself” but the verdict will add “more gasoline to the fire of division.”
Sen. Bill Hagerty (R-TN) condemned Trump's decision at a hearing in Austin pic.twitter.com/Iir0NI2shn
— Garrett Jones (@GarettJones) May 30, 2024
Trump recently changed his campaign message on cryptocurrency to suggest that he could “live with it one way or another.” The former US president announced on May 21 that he will begin accepting donations in digital assets, a similar proposal from supporters at a virtual token-focused dinner. Trump faces hundreds of millions of dollars in disgorgement and damages in civil suits for fraud and defamation.
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Incidentally, May 30 was a big day for Consensus participants to discuss control issues. Representatives from the SEC and Commodity Futures Trading Commissions and representatives from several U.S. lawmakers addressed the concerns raised by the panel. On May 31, the crowd at the Austin Convention Center was smaller — perhaps due to the night's events — but seemed just as motivated and interested.
Overall, the event proved to be an opportunity for crypto users to react to a once-in-a-lifetime event and discuss how it will affect the industry and regulation. The event is not scheduled for 2025 in Austin, but is moving to Toronto for the first time.
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