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- Former U.S. President Donald Trump has expressed his intention to accept cryptocurrency donations for his campaign in the upcoming 2024 presidential election.
- Trump made the announcement during a gathering with buyers of his “Mugshot Edition” NFT
collection, stating that if his followers cannot donate using crypto, he will ensure they can. - Trump’s stance on cryptocurrency has evolved over time, with him recently launching his own NFT collection and expressing his commitment to retaining crypto businesses in the United States.
Former U.S. President Donald Trump announces plans to accept cryptocurrency donations for his 2024 campaign, marking a significant shift in his stance towards the digital asset class.
Trump Advocates for Crypto Donations
During a gathering with buyers of his “Mugshot Edition” NFT collection, Trump announced his intention to accept cryptocurrency donations for his upcoming 2024 presidential campaign. He stated that if his followers cannot donate using crypto, he will ensure they can. Trump also criticized current President Joe Biden’s supposed lack of understanding of cryptocurrency, urging crypto supporters to vote for him instead.
Commitment to Retaining Crypto Businesses in the U.S.
When asked about the prospect of retaining crypto businesses in the United States, Trump reaffirmed his commitment. He emphasized that if crypto companies are looking to relocate due to hostility towards the sector, he will work on preventing their departure. He added that if crypto was to be embraced, it must remain in the country.
Trump’s Evolving Stance on Cryptocurrency
Electric Capital co-founder Avichal Garg has expressed his admiration for what he perceives as an evolution in Trump’s stance on crypto. Garg commended whoever was advising him on it was doing an exceptional job. Garg added that if President Biden maintains an anti-crypto stance, crypto sentiment might shift from being anti-Gary Gensler, the chair of the U.S. Securities and Exchange Commission, to anti-Biden and even anti-Democrats.
Conclusion
Trump’s announcement marks a significant shift in his stance towards cryptocurrency, reflecting the growing acceptance and adoption of digital assets in the political sphere. As the 2024 presidential election approaches, it will be interesting to see how Trump’s commitment to cryptocurrency will impact his campaign and the broader crypto market.