While hosting a gathering of non-fungible token (NFT) enthusiasts at his residence in Florida, Trump's words shook the entire cryptocurrency market. Trump boldly and clearly expressed his support for NFTs, sarcastically criticizing a meme coin for his political rival Joe Biden.

Trump's Views on Crypto Regulation and NFTs

During the meeting, Trump emphasized that the current administration is not disgruntled against digital currencies and will stand by American innovators with appropriate regulations. "We're good at this." He stated that they are supportive of the development of the crypto industry.

In response to the question about regulation, he stated that hostility should be reduced for the crypto industry to contribute to the development of the country. “If we are going to live together, we must guide them so they can survive.”

Trump also stated that the NFT market has played an important role in some important periods and the market has gained momentum, especially through Mugshot NFTs. Attendees applauded Trump's comments on Mugshots NFTs.

Trump Criticizes Biden's Meme Coin

Trump sarcastically criticized the "Jeo Boden" (BODEN) meme coin used by Biden supporters as "too valuable for a token". Following this comment, BODEN asset gained more than 10%. However, the asset "Donald Tremp" (TREMP) rose 110% immediately after Trump's comments.

Trump addressed the crypto community by sarcastically expressing his opponent's lack of knowledge about crypto. “If you like cryptocurrency, I can imagine you should vote for Trump.”

Trump's Attitude on Bitcoin and Digital Currency

Trump's approach to cryptocurrencies is a significant departure from his stance on Bitcoin in previous years, which he described as a scam. But it still defends the superiority of the US dollar, with an emphasis on traditional banking transactions. He also states that he would veto the existence of a central bank digital currency as long as he is in office.

Trump's Legal Struggles and Crypto Impact

Trump's involvement in the crypto industry, despite his long-running legal battles and lawsuits in New York, shows his importance in certain areas. His involvement in the crypto world during his battles with financial authorities stands out as an attractive factor among the activities he will pursue after his presidency.

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