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TRUMP ACCEPTANCE OF CRYPTO COULD BRING friendlier environment under his leadership to bolster the crypto industry domestically

Former President Donald Trump continued his advances toward the crypto community by hosting an event for holders of the Trump Cards NFT Gala on May 8 at his Mar-a-Lago resort in Palm Beach, Florida.

According to news sources, at the event, Trump expressed his support for cryptocurrencies, announcing plans to accept digital asset donations for his potential re-election campaign. He also emphasized the need for a more favorable regulatory environment for the growing crypto industry.

Meanwhile , Videos circulating on social media showed Trump’s critique of the Biden administration’s approach to crypto, signaling potential shifts in policy should he return to office.

Trump highlighted the exodus of crypto firms from the US due to regulatory hostility, promising a friendlier environment under his leadership to bolster the industry domestically.

The former president chastised Biden’s lack of crypto understanding, attributing it to his administration’s unfavorable stance. Trump said:

“Biden doesn’t know, Gensler is very much against it, the Democrats are very much against it.”

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