US presidential candidate Donald Trump supported cryptocurrency at a special event. for Trump NFT holders late Wednesday at the Mar-a-Lago resort in Florida.
The embattled former US president and 2024 hopeful lamented that cryptocurrency companies are leaving the country.
President Trump said, “Cryptocurrencies are moving out of the United States because of the hostility toward them.” “We’re going to stop it because I don’t want it. If we’re going to accept it, we have to make sure they’re here.”
In response to questions from the cryptocurrency-savvy crowd, Trump said he would welcome campaign donations in Bitcoin and other tokens.
Trump’s shift in views on digital assets comes as analysts said Tuesday that his Victory The US presidential election in November will be good for Bitcoin. And he went after a sitting president and claimed the presidency. Joe Biden is ignorant about cryptocurrency.
Trump told the crowd, “Biden doesn’t know,” and also took aim at the chairman of the U.S. Securities and Exchange Commission (SEC).
“(Gary) Gensler is very opposed to this, and the Democrats are very opposed to this,” President Trump said. “But I’m fine.”
Ron Hammond, director of government relations at the Blockchain Association, drew a connection between the Mar-a-Lago incident and the passage of a resolution in the U.S. House of Representatives condemning the SEC’s policies on cryptocurrency finance.
“I never thought cryptocurrency would be an election issue, but today’s statement to the contrary proves that,” he said. “Today, 21 Democrats recognized the trend and voted against their party. Joining the anti-crypto movement is a losing proposition.”
Solana-based meme coin price in April caricature According to blockchain data from DexScreener, the ratio between Trump and Biden has surged. At some point, ‘Jerboden’ and ‘Doland’ temperature”’s market capitalizations were $473 million and $83 million, respectively.
Trump was told that the token mocking Joe Biden was worth $240 million. said: “It’s too much money for a coin, but I don’t like that type of investment.”
Tonight’s event was advertised as a ‘special dinner held at the President’s home in Palm Beach, Florida’ with the perks of purchasing Trump NFTs.
“President Donald Trump will host a special evening for very special Trump trading card holders,” the official website touted. “In what we call the Winter White House, you will enjoy a once-in-a-lifetime experience in the historic presidential residence and members-only club.”
Edited by Ryan Ozawa.
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