Trump Courts Crypto Voters, Promises Industry Support in 2024 Run
The political crypto debate in the USA is heating up, with the upcoming election in November potentially being the first to be significantly influenced by cryptocurrencies. Former President Donald Trump, who is running for the Republican nomination, has been actively courting the crypto world for votes and has made several promises regarding the future of crypto and Bitcoin in the country.
Trump's engagement with crypto is paying off financially, with his campaign currently ahead of the Democrats by millions of dollars. He has promised to end President Biden's 'crusade against crypto' and shape the future of the industry in the USA. Trump's promises to protect self-custody and support the crypto industry may sway votes in his favor, as there are now over 50 million crypto owners in the country.
Trump has also pledged to reverse the life imprisonment sentence of Ross Ulbricht, who operated the Silk Road marketplace. Meanwhile, President Biden recently called for donations, warning that 'crypto managers and oil barons are coming out of the woodwork for Trump'. However, there is no publicly verified information indicating that any specific cryptocurrency entrepreneur or crypto fund has donated millions of dollars to Trump's campaign. Trump's campaign does accept Bitcoin and other cryptocurrencies as donations.
The political crypto debate in the USA is far ahead of Europe, where it's not even a topic in county elections. As the US election approaches, Trump's engagement with the crypto world could prove to be a significant factor in the outcome. His promises to protect self-custody and support the crypto industry may resonate with the growing number of crypto owners in the country.
