Sunday Newsletter

Explore the latest trends, gain valuable insights, and stay informed in the dynamic cryptocurrency ecosystem.

26 May 2024

Former United States President Donald Trump emphasized the need for the U.S. to be a global leader in the cryptocurrency industry.

“Our country must be the leader in the field, there is no second place,” Trump declared in a May 25 post on Truth Social, the social media platform owned by Trump Media and Technology Group (TMTG).

Trump expressed his positive outlook on cryptocurrency, stating, “I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry.” He also criticized President Joe Biden, calling him “the worst president in the history of our country” and asserting that Biden’s policies are detrimental to the crypto industry.

Trump’s remarks came ahead of his scheduled speech at the Libertarian Party’s National Convention in Washington, D.C., on the same day.

Trump’s supportive stance on cryptocurrency has raised hopes within the industry for his potential victory in the 2024 presidential election. According to Polymarket, a New York-based crypto prediction platform, Trump has a 56% chance of winning, while Biden holds a 38% chance.

Recently, Trump’s 2024 presidential campaign announced it would accept cryptocurrency donations. The campaign launched a fundraising page on May 21, allowing eligible donors to contribute using the Coinbase Commerce platform. Accepted cryptocurrencies include Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), XRP (XRP), USD Coin (USDC), Solana (SOL), and 0x (ZRX).

Trump’s positive statements about cryptocurrency have been well-received by the crypto community. Additionally, Trump recently hosted a dinner at his Mar-a-Lago residence for buyers of his “Mugshot” non-fungible tokens (NFTs), fulfilling a promise made to purchasers of the digital trading cards featuring his mugshot from the Fulton County Jail in Georgia.