BREAKING NEWS! Donald Trump is a Crypto Bull

YEREVAN (CoinChapter.com) — At Mar-a-Lago club, former President Donald Trump vocalized his robust support for crypto, starkly contrasting his views with the current administration. Addressing a crowd that included enthusiasts and holders of Trump NFTs, Trump openly criticized President Joe Biden’s stance on digital currencies. He highlighted a growing concern, stating:

“Crypto is moving out of the U.S. because of hostility towards crypto. We’ll stop it because I don’t want that — if we’re going to embrace it, we have to let them be here.”

Moreover, during the event, Donald Trump expressed his alignment with the crypto industry. He announced his willingness to accept Bitcoin for campaign contributions. This gesture underscores a potential shift in policy. If he were re-elected, it could favor the growth of blockchain technologies in the United States.

Polling Data and Market Reactions

Recent polling by Paradigm and conducted by Public Opinion Strategies revealed significant support for Trump within the crypto community: 48% of crypto owners indicated they would vote for Trump versus 39% who favored Biden. This preference was reflected at the event, resonating strongly with attendees.

Market reactions were immediate, with meme coins featuring caricatures of Trump and Biden experiencing significant price movements. Notably, coins named “Jeo Boden” and “Doland Tremp” reached market caps of $473 million and $83 million, respectively. Trump commented on the valuation of the Biden-themed coin, remarking, “That’s a lot of money for a coin, I don’t like that investment.”

SEC vs. Donald Trump Crypto Love

Trump took the opportunity to target Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), asserting his disagreement with Gensler’s regulatory approach.

“Gensler is very much against it, the Democrats are very much against it, but I’m good with it,”

Trump declared, positioning himself as more accommodating towards crypto than the current administration.

Ron Hammond of the Blockchain Association connected the sentiments expressed at the event with recent political movements, noting on X that the differing statements at the event highlight cryptocurrency as a pivotal issue in upcoming elections.

He pointed out that “Twenty-one Democrats today voted against their own party, realizing the trend: it’s a losing issue to be in the anti-crypto army.”

The event was not just about speeches; it was billed as a gathering for Trump Trading Card holders at what is dubbed the “Winter White House.”

The post BREAKING NEWS! Donald Trump is a Crypto Bull appeared first on CoinChapter.