US presidential candidate Donald Trump expresses support for cryptocurrencies during special event To Trump NFT holders at the Mar-a-Lago resort in Florida late Wednesday.
The embattled former US president and 2024 presidential candidate lamented that crypto companies are fleeing the US.
President Trump said, “The hostility towards cryptocurrencies is causing cryptocurrencies to leave the United States.'' “We don't want that, so we're going to stop it. If we're going to accept that, we have to let them stay here.”
In response to a question from a crypto-savvy crowd, Trump said he welcomes campaign contributions in Bitcoin and other tokens.
President Trump's changing views on digital assets, analysts suggested on Tuesday, win The US presidential election in November will be good for Bitcoin. And he pursued his incumbent and claimed the presidency. Joe Biden is ignorant about cryptocurrencies.
President Trump told the audience, “Biden doesn't know,” and also took aim at the head of the Securities and Exchange Commission (SEC).
“[Gary] Mr. Gensler is vehemently opposed to it, and Democrats are vehemently opposed to it,” Trump said. “But I'm okay with that.”
Ron Hammond, director of government relations at the Blockchain Association, drew a connection between the Mar-a-Lago event and the passage of a U.S. House of Representatives resolution condemning the SEC's policies regarding crypto banking.
“I never thought crypto would be an issue in the election, but today's statement to the contrary proves it,” he tweeted. “Today, 21 Democrats recognized this trend and voted against their party. Being in the anti-crypto brigade is a losing proposition.”
In April, the price of Solana-based meme coins caricature According to blockchain data from DexScreener, the Trump-Biden ratio has skyrocketed. At one point, “Joe Borden” and “Dorland” Trempf” had market capitalizations of $473 million and $83 million, respectively.
President Trump hears that token mocking Joe Biden is worth $240 million Said: “That's a lot of money for a coin. I don't like that investment.”
Tonight's event was billed as a “special dinner held at the president's home in Palm Beach, Florida” as a bonus for purchasing Trump NFTs.
“President Donald Trump will host a special night for special Trump Trading Card holders,” the official website advertised. “Enjoy a once-in-a-lifetime experience at the President's historic residence and exclusive members-only club, known as the Winter White House.”
Edited by Ryan Ozawa.
