Former U.S. President Donald Trump Embraces Cryptocurrency Industry and Calls for U.S. Leadership in Global Crypto Race

Former U.S. President Donald Trump has made a surprising shift in his stance on cryptocurrency, now embracing the industry and advocating for the U.S. to take the lead in the global crypto race. In a recent interview with Bloomberg, Trump expressed his support for crypto, stating that it is good for the country and should not be ignored.

Trump highlighted the importance of the U.S. staying ahead in the crypto race, warning that if the country does not take the lead, China or another nation will. He emphasized that crypto is here to stay and announced plans to release another set of NFTs, citing the demand from his supporters.

This change in Trump’s position comes after he had previously held negative views towards cryptocurrency. However, in recent months, he has started to endorse the industry, with his campaign even accepting donations in cryptocurrencies, raising $3 million in the last quarter.

Key figures in the crypto industry, including Gemini co-founders Tyler and Cameron Winklevoss, Ark Invest CEO Cathie Woods, and Kraken co-founder Jesse Powell, have voiced their support for Trump and made donations to his campaign. Additionally, Trump’s selection of Sen. J.D. Vance as his running mate, who holds favorable views towards crypto, further solidifies his pro-crypto path.

With Trump’s newfound support for the crypto industry, it will be interesting to see how this impacts the sector and whether the U.S. will indeed take the lead in the global crypto race as he envisions.