Speaking at the launch of his family’s crypto platform, World Liberty Financial, on Monday evening, Donald Trump warned that “crypto is going to go to hell” if he loses the 2024 presidential election to Kamala Harris.

Donald Trump Talks Digital Assets at World Liberty Financial Launch

The former US president has criticized the US Securities and Exchange Commission’s (SEC) approach to regulation through enforcement within the digital assets sector, describing the federal agency’s strategy as “very aggressive.”

“The SEC has been incredibly aggressive,” Trump said, referring to the committee’s relationship with American crypto entrepreneurs. “If something goes wrong and we don’t win, all of those who have been investigated recently and are now living freely, and all of those whose activities are under scrutiny in the crypto world, the day after the election, if the others win, the gates of hell will open on them.”

Speaking live on X from his Mar-a-Lago residence, Trump addressed the crowd just one day after surviving his second assassination attempt in two months, saying of Monday's incident: "The Secret Service knew right away it was bullets, and they came to protect me."

His comments come at a sensitive moment for politics and crypto, as the two presidential candidates — Trump and Harris — continue to battle it out for votes ahead of the November 2024 election, the results of which could have a major impact on the blockchain sector.

Trump has been vocal in his support for the digital asset sector throughout his campaign, recently pledging to make the United States the “crypto capital of the world” if elected.

Will Kamala Harris reveal her crypto plans?

The launch of World Liberty Financial, a crypto startup led by Trump’s sons Donald Jr. and Eric, is expected to cement his involvement with the sector, with Trump saying: “I think crypto is one of the areas that we have to pay attention to, whether we like it or not, it’s one of the priorities that we have to get done.”

Kamala Harris, on the other hand, has not made any specific plans regarding digital assets, although her campaign website outlines her positions on various policy issues, which has led crypto enthusiasts to express concerns that Harris’ close association with the SEC-aligned Biden administration could negatively impact her relationship with the crypto sector, although recent reports suggest that she may be more open to digital assets than her predecessor Biden.