The United States hosts a significant number of crypto investors, a demographic that could play a pivotal role in supporting Trump's political ambitions. By tapping into the crypto market, Trump's initiatives, such as launching a cryptocurrency payment service through his social media company, could resonate with these investors. Their financial influence and alignment with decentralized finance principles might bolster his campaign's outreach and funding efforts, potentially contributing to his victory.
Donald Trump's victory in the U.S. presidential election has sparked excitement in the crypto market. Bitcoin, the largest cryptocurrency by market value, has surged, approaching $100,000. With the Trump-led administration set to take office next year, a policy favoring the crypto sector may be introduced, further fueling optimism within the industry.
Trump's social media company, Truth Social, is reportedly preparing to launch a crypto payment platform soon. According to a media report, Trump Media & Technology Group recently filed a trademark application for a crypto payment service called TruthFi. The filing outlines potential offerings such as card payment processing, asset management, custody services, and digital asset trading.
Speculation is growing that Trump’s involvement in the crypto space, as one of America’s most prominent businessmen, signals a shift toward pro-crypto policies under the new administration. A recent Reuters report revealed that Truth Social is in talks to acquire Bakkt, a crypto trading firm, through a full equity purchase.
During his campaign, Trump hinted at lenient regulations for the crypto market, further boosting investor confidence. With a large number of crypto investors in the U.S., this group is expected to play a key role in supporting Trump’s policies and political agenda.
