President Trump: “If You Like Crypto, You’d Better Vote For Trump!”

May 9, 2024 11:25 pm Comments

Former President Trump revealed his stance on cryptocurrency policy moving forward at an exclusive event on Tuesday.

Entrance to the exclusive event was guaranteed to holders of Trump NFTs that initially retailed for $99. When asked what he would do to prevent blockchain firms and crypto innovation from leaving the U.S., the former President explained that we must embrace crypto because it is already here.

The 45th President stressed the need to end the air of hostility against crypto and blockchain in the United States.

President Trump also said that he has no problem with cryptocurrencies and implored the attendees to re-elect him because “Biden doesn’t even know what [crypto] is.”

Watch the former President’s remarks on his cryptocurrency regulatory stance below:

Business Insider took note of the event and provided the accounts of several attendees:

In one post on X, the former president is seen saying: “Can we donate to the Trump campaign using crypto? I believe the answer is yes.”

“If you ask Biden ‘Sir, are you for or against crypto?’… he’d say ‘get me off the stage’, he has no idea,” he tells supporters in another clip. Trump added that Securities and Exchange Commission Chair Gary “Gensler is very much against it, the Democrats are very much against it.”

Fox crypto reporter Eleanor Terrett writes: “I think this is the first time Donald Trump has openly endorsed (or even publicly spoken about) “crypto” instead of just Bitcoin. ‘If you like crypto in any form…and it comes in many forms…if you’re in favor of crypto, you better vote Trump.’ He even mentioned Gensler.”

CoinDesk shared the findings of this recent report from Standard Chartered Bank:

Donald Trump could also be a boon for cryptocurrencies. “We think that a second Trump administration would be broadly positive via a more supportive regulatory environment,” the report said.

“In a scenario of U.S. fiscal dominance, we think bitcoin (BTC) would provide a good hedge against de-dollarization and declining confidence in the U.S. Treasury market,” analyst Geoff Kendrick wrote.

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