Donald Trump, former U.S. President and current Republican candidate, has taken a strong stance in favor of cryptocurrency. Announcing his support through his platform “Truth Social,” Trump emphasized the importance of the U.S. leading the cryptocurrency field.
He criticized President Joe Biden’s approach to crypto, pledging significant changes if re-elected. At a recent Libertarian Party convention, Trump promised to secure the future of cryptocurrencies like Bitcoin within the U.S. and protect the rights of American crypto holders.
Contents
A Positive and Open Stance Towards Cryptocurrency
On May 25, 2024, former U.S. President and Republican candidate Donald Trump announced his support for cryptocurrency through his self-founded social media platform, “Truth Social.”
Trump emphasized his openness and positivity towards all things related to cryptocurrency, stating, “America must be the leader in the field of cryptocurrency; being second is not an option.”
He criticized current President Joe Biden, saying, “Biden wants cryptocurrency to die a slow and painful death,” and assured, “That will not happen if I become president.”
Protecting the Rights of Cryptocurrency Holders
At the Libertarian Party National Convention in Washington on May 25, 2024, Donald Trump reiterated his support for cryptocurrency.
He pledged, “We will build the future of cryptocurrency and Bitcoin in the U.S., preventing it from flowing overseas.” Trump also expressed support for the rights of the 50 million Americans who hold cryptocurrency to manage their assets independently.
Furthermore, he mentioned Ross Ulbricht, the founder of the dark web marketplace “Silk Road,” which used Bitcoin as currency. Trump vowed to commute Ulbricht’s life sentence if elected president.
Despite previously expressing skepticism about Bitcoin, calling it “a scam” and stating he didn’t like it, Trump has recently made comprehensive pro-cryptocurrency statements, gaining substantial support from the cryptocurrency industry.
Trump Embraces Altcoins
Donald Trump has been actively adopting cryptocurrencies other than Bitcoin. Ahead of the U.S. presidential election in November, he is accepting donations in various cryptocurrencies, including:
• BTC (Bitcoin)
• ETH (Ethereum)
• SOL (Solana)
• USDC (USD Coin)
• XRP (Ripple)
• DOGE (Dogecoin)
• ZRX (0x)
• SHIB (Shiba Inu)
The Biden administration has been criticized for its hostile stance towards cryptocurrency. In contrast, Trump has launched his own NFT collection and had Bitcoin futures ETFs approved during his first year in office.
As such, he is highly regarded as a crucial figure for the development of the cryptocurrency industry.
-
Trump Begins Accepting Cryptocurrency Donations for Presidential Campaign | Supports SOL, XRP, SHIB, and More
Donald Trump begins accepting cryptocurrency donations for his 2024 presidential campaign, supporting BTC, ETH, SOL, and more through Coinbase Commerce, marking a first in major party campaigns.
続きを見る