Former U.S. President Donald Trump insists that the United States should strive for nothing less than the top position in the cryptocurrency industry. In a post on his social media platform, Truth Social, owned by Trump Media and Technology Group (TMTG), Trump expressed his belief that the country must lead the way in this burgeoning field. He also took the opportunity to criticize current President Joe Biden, whom he will be competing against in the 2024 presidential race.
Trump’s remarks were made ahead of his speech at the Libertarian Party’s National Convention in Washington. His recent positive stance on cryptocurrencies has generated high expectations within the industry regarding his potential victory. According to crypto prediction platform Polymarket, Trump has a 56% chance of winning the election, while Biden holds a 38% chance.
Furthermore, Trump’s presidential campaign recently announced that it would accept cryptocurrency donations. The campaign launched a fundraising page that allows eligible individuals to donate using the Coinbase Commerce product. The website prominently displayed logos for various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Shiba (SHIB), XRP (XRP), USD Coin (USDC), SOL (SOL), and 0x (ZRX).
In addition to his public support for cryptocurrencies, Trump has reportedly met with crypto enthusiasts. It was recently revealed that individuals who purchased Trump’s “Mugshot” non-fungible tokens (NFTs) had the opportunity to dine with him at his Mar-a-Lago residence. This special dinner was part of the agreement with buying the digital trading cards, which feature Trump’s mug shot taken during his surrender at the Fulton County Jail in Georgia.
The cryptocurrency industry is closely monitoring Trump’s positive stance on cryptocurrencies and speculating on the potential impact it could have on the industry. The Securities and Exchange Commission (SEC) is also facing a tough battle against the legal firepower of the crypto industry, as highlighted in the ongoing Godzilla vs. Kong metaphorical struggle.