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Donald Trump Insists the U.S. Must Lead the Cryptocurrency Industry

Trump’s Vision for U.S. Leadership in Cryptocurrency

In a Truth Social post dated May 25, Donald Trump emphasized the importance of the U.S. leading the cryptocurrency field. He declared, “Our nation must be the leader in this domain; there is no second place.” He expressed an open attitude towards the burgeoning industry, stating, “I am very positive and open towards cryptocurrency companies and everything related to this emerging industry.”

Criticism of the Current Government

Trump also targeted his opponent in the 2024 presidential election, President Joe Biden. He criticized Biden’s stance on cryptocurrency, saying, “On the other hand, Joe Biden, the fraud, the worst president in our country’s history, hopes that cryptocurrency will slowly and painfully disappear. This would never happen under my watch.”

Upcoming Speech and Campaign Activity Updates

These remarks were made prior to Trump’s speech at the Freedom Party’s National Convention held in Washington on the same day. Trump’s positive stance on cryptocurrency has sparked hope within the industry for his potential victory in the 2024 election.

Election Predictions and Campaign Strategy

According to the New York cryptocurrency prediction platform Polymarket, Trump has a 56% chance of winning the election, while Biden stands at 38%. This optimistic forecast followed the announcement by Trump’s 2024 campaign team on May 21 that they would accept cryptocurrency donations. The campaign’s fundraising page uses the Coinbase Commerce product, allowing eligible supporters to donate in various cryptocurrencies, including Bitcoin, Dogecoin, Shiba Inu, XRP, USD Coin, SOL, and 0x (ZRX).

Trump’s Interaction with the Cryptocurrency Community

Trump’s engagement with the cryptocurrency community extends beyond public support. Reportedly, individuals who purchased Trump’s “Mugshot” non-fungible tokens (NFTs) had the opportunity to dine with him on May 8 at his Mar-a-Lago residence. This exclusive dinner was one of the perks of purchasing the digital trading cards featuring his photo from the time he surrendered at the Fulton County Jail in Georgia.

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