Former U.S. President Donald Trump expressed his intention to enable the use of cryptocurrency for campaign donations. In videos shared by NFT creator and influencer Frank Degods, Trump indicated to a group of NFT buyers his willingness to accept crypto donations for his campaign.
He assured, “If you can’t, I’ll make sure you can.” Additionally, he suggested that President Joe Biden lacks an understanding of cryptocurrency and urged crypto supporters to vote for him.
Trump’s remarks were made during a gathering he organized to meet with buyers of his “Mugshot Edition” NFTs. Attendees, who individually purchased over 47 NFTs priced at $99 each, were invited to a dinner on their day off from trial. Trump boasted about revitalizing interest in NFTs, stating, “We made NFTs hot again.”
Regarding the crypto industry’s presence in the U.S., Trump pledged to work towards retaining it, emphasizing the importance of embracing crypto businesses. His statements led to an 18.5% surge in the “Jeo Boden” memecoin, inspired by President Biden, according to CoinMarketCap data. Trump expressed skepticism about the token’s market capitalization, deeming it excessive.
See Related: Trump Drops Series 2 Of Digital Trading Card NFTs On Polygon
U.S. Presidency Candidates And Their Stance On Crypto
As the 2024 U.S. presidential election nears, candidates face scrutiny over their stance on cryptocurrency regulation. Republican nominee and former President Donald Trump has shown enthusiasm.
On the other hand, the Democratic nominee emphasizes balanced regulation to safeguard consumers and curb illegal activities, reflecting broader party sentiments. However, within each party, there’s a range of views, from advocating for stringent oversight to promoting innovation. With crypto’s increasing impact across sectors, including finance and technology, the candidates’ positions are poised to shape the industry’s future and its interaction with the government.
