Trump Vows U.S. Dominance in Cryptocurrency Industry, Criticizes Biden’s Stance

The United States should aim for the top spot in the cryptocurrency industry, according to former U.S. President Donald Trump.

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

Expressing his enthusiasm for the burgeoning industry, Trump stated, “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry.”

He then criticized the current president, Joe Biden, his opponent in the upcoming 2024 presidential election, scheduled for November 4.

“CROOKED JOE BIDEN, ON THE OTHER HAND, THE WORST PRESIDENT IN THE HISTORY OF OUR COUNTRY, WANTS IT TO DIE A SLOW AND PAINFUL DEATH. THAT WILL NEVER HAPPEN WITH ME!” Trump proclaimed.

These remarks were made ahead of his planned speech at the Libertarian Party’s National Convention in Washington on the same day.

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Trump’s recent positive stance on crypto has heightened industry expectations about his potential electoral success.

According to Polymarket, a New York-based crypto prediction platform, Trump currently has a 56% chance of winning the election, while President Joe Biden holds a 38% chance.

This comes shortly after Trump announced that his presidential campaign would accept cryptocurrency donations.

On May 21, the Trump 2024 campaign launched a fundraising page allowing eligible donors to contribute in crypto via the Coinbase Commerce platform.

The website displayed logos for several cryptocurrencies, including Bitcoin, Ether, Dogecoin, Shiba, XRP, USD Coin, SOL, and 0x (ZRX).

In addition to his public endorsements of crypto, Trump has reportedly engaged with crypto enthusiasts.

Cointelegraph recently reported that individuals who purchased Trump’s “Mugshot” non-fungible tokens (NFTs) had the chance to dine with him on May 8 at his Mar-a-Lago residence.

This dinner was part of the agreement associated with buying the digital trading cards, which feature his mugshot taken during his surrender at the Fulton County Jail in Georgia.

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