President Trump Assures Cryptocurrency of “Full Support”

May 9, 2024 Jobson Edward Cryptocurrency News Comments Off

Former US President Donald Trump met with enthusiasts of his non-fungible token (NFT) collection on Wednesday and announced to the audience his decision to accept cryptocurrencies as campaign funds. At this point, in previous statements, he said he had accepted Bitcoin’s popularity and expressed support for the cryptocurrency industry. President Trump also said that President Joe Biden “doesn’t know” what virtual currency is.

At former US President Donald Trump’s NFT event on Wednesday, he urged a large number of crypto supporters to support his candidacy and emphasized the importance of voting.

The occasion was a dinner gala celebrating Trump’s Mugshot Edition NFT collection. Asked about accepting cryptocurrencies as campaign funds,

Trump Assures

Trump confidently asserted that he would make it possible. “If you can’t do that, I’ll make sure you can do it,” Trump told attendees. He was told that many crypto companies are moving overseas due to strict regulations.

“We’re going to stop it,” Trump said adamantly. “We don’t want it. We’ll accept it,” his voice said amid the raucous rally.

President Trump reiterated his support for the cryptocurrency industry and announced that he would accept cryptocurrency donations during the campaign.

In a meeting with investors who purchased NFTs, President Trump said:

“You cannot donate cryptocurrency during the election campaign, but I will change this. I will make cryptocurrency donations possible.
Can we donate to the Trump campaign using crypto? “I believe the answer to the question is yes.”
Trump

Donald Trump also criticized his presidential rival Joe Biden, saying that Biden doesn’t even know what cryptocurrencies are.

“He doesn’t even know what cryptocurrency is.
“If you love crypto in any way and support crypto, you better vote for Trump.”
Trump

Trump critics

President Trump also criticized Biden and his administration’s anti-crypto stance, adding that he will not allow the cryptocurrency industry to leave the United States.

President Trump vowed to do everything in his power to keep the crypto industry in the United States, saying, “If the crypto industry leaves the United States because of the hostility of Biden and his administration, we don’t want that.” It is because of this.”

If you want to introduce cryptocurrencies, you have to allow them to stay in the United States. ”

Trump’s latest statements regarding BTC show that he has backtracked on his previous statements in 2021, in which he called Bitcoin and cryptocurrencies a “scam” competing against the dollar.