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🇺🇸 - Has Donald Trump become pro-crypto? - News from 05/29/2024

But also: ETH ETFs less popular than expected? Do Kwon continues to play for time and FTX completes $2.6 billion sale of $SOL

CRYPTOQUENT

MAY 29, 2024

Hello 👋

Welcome to our debrief of Web3 news from the last 24 hours.

Every day, in 2 minutes, discover the major developments and facts that are shaping the future of Web3.

During a recent appearance, Donald Trump announced that he would free Ross Ulbricht, the founder of Silk Road, if he is elected president. We will explain everything to you ! 🤯

“Don't wait until you're ready to make important decisions. Sometimes you just gotta jump. »

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🔥 THE BURNING NEWS OF THE DAY

Donald Trump wants to convince pro-crypto people

As the US elections approach, Donald Trump seeks to conquer the crypto community. He promised to commute the sentence of Ross Ulbricht, founder of Silk Road, if he is re-elected president. Trump announced at the Libertarian National Convention in Washington, D.C., that he would release Ulbricht, who has already served 11 years in prison. Hours before this speech, Trump expressed his support for the cryptocurrency industry on Truth Social, criticizing the Joe Biden administration for its opposition to the sector.

Trump said the United States must lead in cryptocurrencies and vowed to stop Biden's efforts to "destroy" the industry. He also promised to protect the right to personal custody of cryptocurrencies and to block the creation of a central bank digital currency.

During his speech, Trump received cheers as he promised to release Ulbricht. In 2015, Ulbricht was sentenced to two life sentences for creating and running Silk Road, a darknet marketplace primarily used for drug trafficking.

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