Trump Advocates for U.S. Crypto Leadership Amid 2024 Presidential Race
Summary:
Former U.S. President Donald Trump advocates for America to be the global leader in the cryptocurrency industry, expressing support for crypto businesses. He criticized President Joe Biden's supposed negative stance on crypto. These remarks preceded Trump's speech at the Libertarian Party’s National Convention. Polymarket predicts a likelihood of 56% for Trump's victory in the 2024 election. Subsequently, his campaign announced it will accept cryptocurrency donations.
Former U.S. President Donald Trump has stated that the United States must dominate the cryptocurrency industry. In a May 25 message posted on Truth Social, a social media site owned by Trump Media and Technology Group (TMTG), he reinforced the importance of America leading the crypto sphere, considering there is no fallback position. Trump expressed optimism and receptiveness towards cryptocurrency businesses and everything related to the burgeoning sector. Yet, he drew a contrast, criticizing his 2024 electoral competitor, the current U.S. President, Joe Biden, predicting a bleak future for cryptocurrency under his reign. These remarks were prefaced his discourse at the Libertarian Party’s National Convention in Washington, held on the same day. Trump's newfound crypto-friendly stance has sparked anticipation within the crypto community. New York's crypto prediction platform, Polymarket, has ascribed a 56% probability of Trump's electoral win against Biden's 38% odds. Shortly after, Trump's presidential campaign disclosed its acceptance of cryptocurrency donations. On May 21, the Trump 2024 campaign unveiled a dedicated fundraising page that facilitated crypto donations via Coinbase Commerce. Several cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and others were accepted. Furthermore, it's been reported that Trump has been actively engaging with crypto supporters. People who bought Trump’s “Mugshot” non-fungible tokens (NFTs) had the privilege of dining with Trump at his Mar-a-Lago estate on May 8. These dinner invitations were linked to the purchase of these digital trading cards that display his mug shot following his surrender at the Fulton County Jail in Georgia.
Published At
5/26/2024 3:12:15 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.