Skip to main content
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

WATCH: President Trump Reveals Official Stance On Crypto

For those in the crypto community, a non-hostile President is key to the advancement of the blockchain industry and the digital asset markets.

Increasingly, Presidential candidates are being asked where they stand on the issue of digital currencies—crypto regulation is quickly becoming a battleground issue for 2024 voters.

President Trump has somewhat of a murky history with cryptocurrencies. Previously he denounced Bitcoin and crypto, yet he has launched some crypto projects of his own in the form of several NFT collections.

A prominent member of the crypto community asked President Trump what he was going to do to ensure that crypto, blockchain, and web 3.0 firms don’t leave America.

The former President recently clarified his stance on crypto during the exclusive event saying that he would end the hostility toward crypto and embrace digital innovation here and now—not letting foreign countries do it first.

Watch the moment President Trump said he would bring about a friendlier climate for crypto:

CoinDesk shared the findings of this research report conducted by Standard Chartered Bank:

Donald Trump could also be a boon for cryptocurrencies.

“We think that a second Trump administration would be broadly positive via a more supportive regulatory environment,” the report said.

“In a scenario of U.S. fiscal dominance, we think bitcoin (BTC) would provide a good hedge against de-dollarization and declining confidence in the U.S. Treasury market,” analyst Geoff Kendrick wrote.

The crypto community was quick to react to the news and threw their support behind the 45th President for the upcoming 2024 Presidential election.

Business Insider added that entrance to the exclusive Mar-a-Lago event was guaranteed via NFTs:

Guests eligible for the event had bought at least 47 NFTs from the “Mugshot Edition” collection, according to a copy of an invitation reviewed by the outlet. The mugshot NFTs cost $99 apiece.


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Leave a comment
Thanks for sharing!