Key Takeaways
- Justin Sun, Elon Musk publicly endorsed Trump.
- Trump’s pro-crypto stance has bolstered his re-election prospects.
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Elon Musk, the CEO of SpaceX and Tesla, and Justin Sun, the founding father of the Tron blockchain, launched their first public endorsements for Donald Trump in the 2024 US presidential election following a shooting that focused the previous president yesterday.
“I fully endorse President Trump and hope for his speedy restoration,” Musk mentioned in a Saturday post on X (previously Twitter).
“Because the election approaches, I fully endorse President Trump and hope for his speedy restoration,” Sun stated. “He’s a better option for the crypto business and may guarantee fairer therapy.”
The Republican candidate has made headlines over the previous few months for his help of Bitcoin and the US crypto business.
Trump has vowed to finish “Joe Biden’s campaign to crush crypto” and to help the US crypto sector. He additionally believes the nation ought to be the chief in the sphere and that there isn’t any second place. As a part of his crypto-friendly approach, Trump’s marketing campaign began accepting donations in crypto property.
Sun beforehand urged the crypto neighborhood to help a pro-crypto presidential candidate; nonetheless, he didn’t title a selected presidential candidate.
“We should always help a presidential candidate who endorses cryptocurrencies. We have to exhibit to the candidate that the cryptocurrency neighborhood, corporations, and protocols are important stakeholders whose voices ought to be heard and whose pursuits ought to be protected,” mentioned Sun in an X post in Could.
Trump’s newfound pro-crypto place has bolstered his re-election prospects. Following the recent shooting, the chances reached a record high on Polymarket, a decentralized prediction market platform.
In response to knowledge from Polymarket, Trump presently has a 70% probability of successful the 2024 election, in comparison with Biden’s 16%.
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Elon Musk, Justin Sun fully endorse Trump in presidential race after rally shooting cryptobriefing.com 2024-07-14 09:47:23
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