[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"4bfc260c-a911-4d00-aedf-a66e6b6cb013","updated_at":"2024-05-27T10:02:47.951+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"Former President Donald Trump is diving into the world of cryptocurrencies, slamming President Biden's anti-crypto views. With the 2024 elections on the horizon, Trump is gunning to vault the US to the forefront of the crypto game.","sapo":"Former President Donald Trump supports cryptocurrencies and criticizes President Biden's anti-crypto stance. As the 2024 elections approach, Trump aims to make the US a leader in the cryptocurrency sector.","title":"Trump Supports Cryptocurrency, Criticizes Biden's Approach","content":"

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Ex-President of the United States Donald Trump has also shown significant interest in embracing cryptocurrencies as he said during the Libertarian National Convention, ‘I stand completely ready and willing to embrace cryptocurrency companies.

Trump claimed that he is very supportive of cryptocurrencies and the development of decentralized digital money, against the background of President Joe Biden. He wrote on his astrology app called Truth Social, “Crooked Joe Biden, the worst president in the history of our country, wants it to die a slow and painful death. That will never happen with me.”

Source: CryptoRank

This endorsement comes when Biden has been accused of having an anti-crypto stance despite his administration withdrawing several enactments in preparation for the upcoming elections. The SEC and other American financial regulatory agencies are slowly opening up to cryptocurrencies; in the past few days, they have approved eight spot Ethereum ETF applications.

Trump's Vision for US Crypto Leadership

Trump has been particularly trying to swipe the votes of the young generation and the Crypto enthusiasts by being very vocal and affirmative about his support for Cryptos. He has been also accepting crypto donations for his campaigns, after raising money through the selling of NFTs. In regards to the cryptocurrency industry, Trump highlighted the need for the US to take the forefront saying, “No one is second. Our country must be the leader in the field”.

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Crypto's Role in the 2024 Elections

Attached is Trump to the crypto space that sparked the interest of investors such as Mark Cuban who anticipates that it might affect the 2024 elections. Cuban on Twitter wrote, “If Joe Biden loses, you might want to tip Gary Gensler and the New York SEC.”

Although the understanding and adoption of digital finances are relatively low among Americans, the political role of cryptocurrencies is increasing. As reported by Politico, during the following year’s election, the crypto business is to spend over $80m, indicating the sector’s impact.

Donald Trump, the 45th President of the United States, is seriously considering a run for the presidency in 2024. After his term from 2017 to 2021, marked by controversial policies and a divisive leadership style, Trump's potential candidacy has sparked intense interest and debate. Supporters view him as a strong leader who prioritizes America's interests, while critics raise concerns about his handling of various issues during his presidency.

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Trump Supports Cryptocurrency, Criticizes Biden's Approach

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