Trump says the US cannot be ‘second place’ in crypto

“All things relating to this new and developing business” are something that former US President Donald Trump says he is “extremely open-minded” about.

According to the former US president, the US would not be satisfied with anything less than the top spot in the crypto business.

On May 25, Trump made the following declaration on Truth Social, a social media network operated by Trump Media and Technology Group (TMTG): “Our nation must be the leader in the field; there is no second place.”

He made the remark, “I am extremely favorable and open-minded to cryptocurrency firms, and all things linked to this new and blooming sector,” before criticizing Joe Biden, his opponent in the 2024 presidential campaign. The US election is planned for November 4.

“Conversely, the worst president our nation has ever had, Joe Biden, wants it to die a slow and painful death. There is no way that can happen to me!”

On the same day, he was supposed to speak at the Libertarian Party’s National Convention in Washington, DC, but he delivered these remarks first.

The cryptocurrency sector is hoping for Trump’s win due to his recent favorable stance towards crypto. New York-based crypto prediction company Polymarket gives Trump 56% of the vote, compared to 38% for President Joe Biden.

His announcement that his presidential campaign will accept crypto contributions came immediately before this. The Trump 2024 campaign announced on May 21 that it had created a fundraising website using Coinbase Commerce so that qualified individuals could contribute to cryptocurrency.

Reportedly, Trump has met with crypto enthusiasts and made good public comments regarding crypto. The “Mugshot” non-fungible tokens (NFTs) that Trump sold got the chance to have dinner with the president at his Mar-a-Lago estate on May 8, according to a Reuters article.

Digital trading cards using his mug image obtained at his surrender at the Fulton County Jail in Georgia included the supper as an agreement with their purchase.

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