- US Presidential candidate Donald Trump embraces crypto, says he is open-minded in the direction of crypto corporations.
- Trump says that US should be the chief within the subject and there is no second place, in his submit on Reality Social.
- Trump says he’ll assist the right to self custody for the nation’s 50 million crypto holders.
US Presidential candidate Donald Trump shared optimistic views on crypto, posting on social media platform, “I’m very optimistic and open minded to cryptocurrency corporations and all issues associated to this new and burgeoning trade.”
Crypto has emerged as a key subject within the upcoming presidential election within the US with Trump expressing his assist for self custody.
Donald Trump addresses pro-crypto voters on social media
Per a report from Washington-based Politico, crypto is utilized by a fraction of the voters in America. Regardless of this it has an outsized influence on US politics. Cryptocurrency corporations and teams are getting ready to spend over $80 million in 2024 elections, per the report.
The Federal Reserve’s Could 2024 report on “Financial Properly-being of US households” exhibits that solely 7 p.c of adults held or used cryptocurrency in 2023, a decline of 5 proportion factors from 2021.
US Presidential candidate Trump posted on his Reality Social account,
I’m very optimistic and open minded to cryptocurrency corporations and all issues associated to this new and burgeoning trade. Our nation should be the chief within the subject and there is no second place.
Trump supports US voters’ right to self custody of crypto and has taken a pro-crypto stance within the elections, per his posts on social media, and his statements when addressing rallies.
The Polymarket prediction platform exhibits that there is 56% likelihood of former President Trump profitable the US election.
US Presidential marketing campaign wager on Polymarket
With a crypto invoice FIT21 being handed in a single Home of the Congress and crypto’s dominant position within the Presidential elections, it stays to be seen how Securities and Trade Fee’s (SEC) lawsuits towards Ripple and Coinbase will finish.