- US Presidential candidate Donald Trump has expressed support for cryptocurrency during a special event for Trump NFT holders at his Mar-a-Lago resort in Florida.
- Trump criticized the current administration’s approach to crypto, claiming that hostility towards the sector is driving companies out of the US.
- He also stated that he would welcome campaign donations in Bitcoin and other tokens, indicating a shift in his views towards digital assets.
Former US President Donald Trump voices support for cryptocurrency, criticizing the current administration’s approach and hinting at a more crypto-friendly stance if elected in 2024.
Trump Advocates for Crypto
During a special event for Trump NFT holders at his Mar-a-Lago resort in Florida, US Presidential candidate Donald Trump expressed support for cryptocurrency. He lamented that crypto companies are leaving America due to the current administration’s hostility towards the sector. “Crypto is moving out of the U.S. because of hostility towards crypto,” Trump said. “We’ll stop it because I don’t want that—if we’re going to embrace it, we have to let them be here.”
Trump’s Shifting Views on Digital Assets
Trump’s comments indicate a significant shift in his views towards digital assets. He stated that he would welcome campaign donations in Bitcoin and other tokens, suggesting a more crypto-friendly stance. This comes as analysts suggested on Tuesday that his winning the U.S. Presidential election in November would be good for Bitcoin. He criticized the incumbent, claiming Pres. Joe Biden is ignorant about crypto. “Biden doesn’t know,” Trump told the crowd, also taking aim at the chair of the U.S. Securities and Exchange Commission (SEC).
Crypto Becomes an Election Issue
Ron Hammond, government relations director at the Blockchain Association, drew a link between the Mar-a-Lago event and the passage of a resolution in the U.S. House condemning the SEC’s policy on crypto banking. “I didn’t think crypto would be an election issue, but today’s polar opposite statements proved that,” he tweeted. “Twenty one Democrats today voted against their own party realizing the trend: it’s a losing issue to be in the anti-crypto army.”
Conclusion
Trump’s shift towards a more crypto-friendly stance could potentially influence the 2024 Presidential election, as the topic of cryptocurrency becomes increasingly relevant. His comments highlight the growing divide between the current administration’s approach and the potential future direction of crypto regulation in the US.
