Trump fully supports cryptocurrency! Web3 must stay in the United States? Successfully surpassing Biden, who will be the US president?
Recently, former US President Donald Trump's acceptance of cryptocurrency has become the focus. Trump's official acceptance of cryptocurrency donations shows that the connection between national politics and digital currency is deepening. This move not only triggered heated discussions about the financial market in 2024, but also highlighted the influence of cryptocurrency on the political stage.
Trump supports cryptocurrency
Donald Trump’s acceptance of cryptocurrency was revealed at a private dinner for holders of the “Mugshot Edition” NFT. He said he would allow supporters to donate to his campaign in the 2024 presidential election in the form of cryptocurrency.
Trump's support for cryptocurrencies has had an impact on the cryptocurrency market. MAGA (Trump), a memecoin inspired by Trump, soared 63% in the next few hours. Among them, TRUMP's price surged, becoming the 14th largest memecoin by market value. And Trump's emoji NFT, which bravely entered the crypto circle at the end of 2022, also performed strongly, with a reserve price of more than $200 compared to other NFTs.
Trump's investment in cryptocurrencies has also attracted the attention of some investors. His investments include Ethereum, WETH tokens, and MAGA Coin (TRUMP). MAGA Coin, which was launched in August, soared to a staggering $11.50 in March of the following year.
MAGA VP has expanded its influence through multiple chains, attracted more investors, and become one of the popular choices for investors. Trump's recognition of cryptocurrency has paved the way for the popularization of cryptocurrency in 2024, heralding that digital currency is expected to become mainstream in the financial field.
Cryptocurrency stirs political fire
Meanwhile, recent surveys show that cryptocurrency has become an important issue for voters in key swing states. In swing states such as Michigan, Ohio, and Pennsylvania, more than 90% of voters who support cryptocurrency plan to vote in the upcoming elections. These data show that cryptocurrency is the most important issue for voters in swing Senate states, and this stance in favor of cryptocurrency is positive for policymakers and candidates.
And amid the Biden administration and the U.S. Securities and Exchange Commission's (SEC) recent regulatory crackdown on the cryptocurrency industry, voters in swing states appear divided over the approach of regulation through enforcement. Most voters prefer policymakers to fully grasp the nuances of cryptocurrency before imposing regulations, which they worry could stifle innovation. There is a strong desire for policymakers to craft sensible regulations that protect consumers without stifling innovation. Notably, voters do not trust elected officials' understanding of innovative technologies like cryptocurrency, with more than half of respondents expressing concerns that potential overregulation could stifle innovation.
Additionally, trust in candidates who meddle with crypto assets is polarized, with 48% of voters wary of such politicians, while a quarter would support a candidate who showed enthusiasm for cryptocurrencies.
Biden vs. Trump
In the 2020 election, Democratic candidate Joe Biden defeated incumbent President Donald Trump and became the 46th President of the United States. However, Trump did not withdraw from the political stage. He will run for president again in 2024 and continues to maintain a broad support base within the Republican Party. Trump's supporters appreciate his economic policies and tough foreign policy stance, believing that he is the right person to promote American interests.
The competition between Trump and Biden remains fierce. The Biden administration has promoted a series of policies on issues such as economic recovery, climate change and social equity, and tried to alleviate the impact of the COVID-19 pandemic on the economy and society. Trump continues to criticize the Biden administration's policies and emphasizes his leadership in economic and national security.
Regarding cryptocurrencies, Biden and Trump's attitudes are also polarized. The Biden administration has been making a concerted effort to eliminate cryptocurrencies, which means that the government will systematically prevent the financial industry from obtaining basic financial services. Trump strongly criticized the Biden administration's hostility to the cryptocurrency industry, claiming that cryptocurrencies are "good" and hope to make it a "solid" industry. He is the best choice for those who support cryptocurrencies. Currently, cryptocurrencies are withdrawing from the United States due to hostility towards cryptocurrencies. He does not want to continue this situation and promises to stop it. Trump said that if he is elected, he will embrace cryptocurrencies and must keep them in the United States. To achieve this goal, he promised to develop a more popular regulatory framework for cryptocurrencies.
Finally, Trump appears to have won over cryptocurrency investors, with Trump’s market value at $252 million following his statement, compared to Biden’s $239 million, with Trump successfully overtaking as prices soared.
Summarize
In short, Trump's support for cryptocurrency has attracted widespread attention in the political and technological fields. This incident not only shows the importance of digital currency in political decision-making, but also highlights the political and
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