Quick take:
- Trump says his decision to release another NFT collection is driven by public demand.
- Trump believes cryptocurrency is good for the country and wants the US to take the lead before China.
- Earlier this week, news emerged that Mainland China may “unban Bitcoin” but the crypto community remains sceptical about the reports.
Donald Trump has urged the US to take the lead in the global cryptocurrency race before China does. The former President of the United States believes the crypto industry, while still in its infancy is good for the country having established a “good foundation”.
The Republican presidential nominee believes crypto is not going anywhere, also hinting that he will release another NFT collection because people want him “to do another one.”
“I did it three times [and] I’m going to do another one because the people want me to do another one.”
This will be Trump’s fourth set of NFTs following the success of three previous collections including last year’s “Mugshot digital trading cards.”
Trump’s call for the US to take the lead on crypto does not come as a surprise. The 2024 US presidential election candidate has been one of the biggest political advocates of crypto in the country.
Earlier this week, it was revealed that Trump, Robert F. Kenndy Junior and several crypto industry leaders will be speaking at the Bitcoin 2024 Conference later this month.
In May, news emerged that Mainland China may “unban Bitcoin” but the crypto community remains sceptical about the reports, but Trump feels otherwise.
“If I throw [crypto] aside, it’s going to be picked up in another country, most likely China — they’re pretty advanced in that sphere,” Trump said in the Bloomberg interview. “So you have to look at it — what I want, again, is what is good for the country.”
Trump’s presidential campaign has received support from multiple crypto industry leaders including the likes of Tyler and Cameron Winklevoss – the co-founders of Gemini, Ark Invest CEO Cathie Woods and Kraken co-founder Jesse Powell, who recently donated $1 million.
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