Former President Donald Trump expressed his support for cryptocurrency at a special event for Trump non-fungible token (NFT) holders at his Mar-a-Lago resort in Florida. In a widely shared clip, Trump stated, “I’m fine with it. I want to make sure it’s good and solid, but I’m good with it. If you like crypto in any form — it comes in a lot of different forms — if you’re in favour of crypto you’d better vote for Trump.”
“I’m good with Crypto. If you’re for crypto you better vote for Trump.” pic.twitter.com/3ScdE0TfPR
— Autism Capital 🧩 (@AutismCapital) May 9, 2024
Trump also mentioned that U.S. crypto firms are leaving the country due to what he called “hostility” from Democrats and Securities and Exchange Commission Chair Gary Gensler. He emphasized the importance of embracing cryptocurrency and ensuring that these firms are welcomed in the U.S.
Attendees at the event expressed their willingness to support broader usage of cryptocurrency. Ryan Selkis, CEO of Messari, voiced his approval of Trump’s stance on crypto and announced his support for the Republican candidate for the White House. Venture capitalist Nic Carter also praised Trump for his support of cryptocurrency and questioned why anyone supporting crypto would vote Democrat.
Analysts suggested that Trump’s shifting views towards digital assets, along with his potential return to the White House, could be beneficial for Bitcoin. Trump criticized President Joe Biden’s lack of understanding of crypto and highlighted the opposition from Gensler and the Democrats. Despite the challenges, Trump reiterated his support for cryptocurrency.
Overall, Trump’s endorsement of cryptocurrency at the event received positive reactions from attendees and observers, emphasizing the importance of supporting crypto-friendly policies in the U.S.
