The United States should strive for the top position in the cryptocurrency industry, according to former President Donald Trump.
“Our country must be the leader in the field; there is no second place,” Trump stated on May 25 via Truth Social, a platform owned by Trump Media and Technology Group (TMTG).
Trump expressed his strong support for cryptocurrency, emphasizing his openness to innovation in this emerging sector. He contrasted his stance with that of President Joe Biden, his rival in the upcoming 2024 presidential election, slated for November 4.
“Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death. That will never happen with me!” Trump asserted.
These comments preceded his scheduled address at the Libertarian Party’s National Convention in Washington on the same day.
Trump’s favorable view on cryptocurrency has fueled optimism in the industry about his potential election victory. According to Polymarket, a New York-based crypto prediction platform, Trump holds a 56% chance of winning, compared to Biden’s 38%.
In a significant move, Trump’s 2024 campaign announced on May 21 that it would accept cryptocurrency donations. The campaign launched a fundraising page enabling eligible donors to contribute using Coinbase Commerce. Accepted cryptocurrencies include Bitcoin, Ether, Dogecoin, Shiba Inu, XRP, USD Coin, Solana, and 0x (ZRX).
In addition to public endorsements, Trump has reportedly engaged with cryptocurrency enthusiasts. Recent reports reveal that purchasers of Trump’s “Mugshot” non-fungible tokens (NFTs) were invited to dine with him on May 8 at his Mar-a-Lago residence. This dinner was part of the perks associated with buying his digital trading cards, which feature his mug shot taken during his surrender at Fulton County Jail in Georgia.
Trump’s proactive approach to cryptocurrency marks a stark contrast to Biden’s perceived hostility, setting the stage for a pivotal issue in the 2024 election.