By Michael Scott
The US Republican candidate Donald Trump, reiterated his open-mindedness to urge the country to settle for the top place in the burgeoning crypto industry.
Former US President Donald Trump believes that the US should not settle for another position but instead seek to be at the top in the crypto industry.
Donald Trump Support for Crypto Industry
In a Saturday, May 25 post on Truth Social, Donald Trump indicated that the US should pursue leadership in the crypto field. The Republican affirmed via a post on social media platforms that Trump Media and Technology Group (TMTG) US should not seek second place.
Donald Trump’s open support for the crypto industry has transformed the concept into a significant political issue. He affirmed positivity and open-mindedness toward crypto firms.
Trump would fire salvo towards the sitting president, Joe Biden, he faces in the upcoming November presidential election. He termed Biden a crooked person who seeks slow and painful death and resists and seeks disassociation.
Donald Trump made the pro-crypto comments ahead of the scheduled speech for the Libertarian Party at the National Convention in Washington. The recent positive attitude towards digital assets raises expectations within the crypto industry, calling for potential victory in the November 4 election.
A recent poll conducted on the US presidential election 2024 by Polymarket shows a 56% probability of Trump winning the election. The New York-based platform for crypto prediction gave the sitting President Joe Biden a 38% probability.
Polymarket illustrated that Michelle Obama has 3% while Robert Kennedy Jr. has a 2% probability.
The notable disparity between Donald Trump’s and other candidates’ chances arises from the former US president announcing the acceptance of crypto donations. The Trump 2024 campaign on May 21 indicated they would unveil a fundraising page for eligible individuals to remit their crypto donors via the Coinbase Commerce product.
The Trump 2024 campaign had the website integrate logos for Bitcoin (BTC), USD Coin (USDC), and Ether (ETH). Besides Solana (SOL), XRP, and 0x (ZRX), it accommodates memecoins Dogecoin (DOGE) and Shiba (SHIB).
Political Announcements Stimulate Positivity in Crypto Industry
Trump made positive announcements regarding the crypto industry amid the revelation of reportedly meeting with crypto enthusiasts. Notably, the pro-crypto comments triggered the Trump-themed memecoin MAGA into an unprecedented rally.
Trump appears to affiliate with the crypto industry amid reports of US digital assets holders comprising a substantial voter population. A recent activity saw holders of Trump’s “Mugshot” non-fungible tokens (NFTs) dine with the US presidential candidate on May 8 at Trump’s Mar-a-Lago residence.
The dinner constituted a core part of the agreement to purchase the digital trading cards. It features the mug shot when Donald Trump surrendered at the Georgia-based Fulton County Jail.
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