Donald Trump Says He Wants to Be a “Crypto President” Political Meme Coins Surge

former US president donald trump He said at a weekend rally that he wants to be a “crypto president,” sending out political meme coins.

Trump said this at a fundraiser. According to one media outlet, on June 6 in San Francisco. Reuters report Citing the names of three people who attended the event.

“He said he was going to be the cryptocurrency president,” said Trevor Treynna, a San Francisco-based technology executive and former Trump ambassador to Austria.

President Trump also said cryptocurrencies are important and emphasized that he is very supportive of the sector, Republican National Committee member Harmeet Dhillon told the news agency.

Dhillon added it Trump, who will face President Joe Biden in the November 5 election, did not offer specifics about his proposed cryptocurrency policy.

Donald Trump aims to end Biden-Gensler’s anti-crypto “crusade”

The fundraiser was hosted by tech billionaire Chamath Palihapitiya and David Sacks, general partner at Craft Ventures. This gave Trump a platform to once again express his support for cryptocurrencies in front of industry insiders, including executives at Coinbase and the Winklevoss twins.

While President Trump expressed support for the fast-growing digital asset market, he criticized the Democratic Party’s crackdown on cryptocurrency and said he would end it if elected.

“President Trump has made clear that the Biden-Gensler anti-crypto crusade will be halted within an hour of the inauguration of a second Trump administration,” said Jacob Helberg, general counsel at data analytics provider Palantir. said.

The Trump campaign raised $12 million at the event to help win the U.S. presidential election on November 5.

Political meme coin surges after Trump’s optimistic remarks

Trump’s goal is to become president. cryptocurrency It comes after the president said in a May 25 post on Truth Social that the United States “must be a leader in the (cryptocurrency) space.”

Best Political Meme Coins (Source: CoinMarketCap)

After the event, investors flocked to buy meme coins linked to the former president. Largest in terms of market capitalization, Mark The value of (TRUMP) has surged more than 10% in the past 24 hours, trading at $13.49 as of 3 AM ET.

The seller woke up this morning and found $MAGA It’s up 65% from when I sold it to play it cool. @MagaHAT_ETH

Sellers receive compensation pic.twitter.com/Yn7cIVooR3

— Juice (@crypto_pisano) June 9, 2024

MAGA (MAGA), Super Trump (STRUMP), and MAGA VP (MVP) also recorded gains over the 24 hours. Leading the pack was STRUMP, up 28%, followed by MAGA and MVP, up 12% and 3%, respectively.

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