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Donald Trump declares US must not settle for ‘second place’ in crypto industry

Validated Media

The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump.

“Our country must be the leader in the field, there is no second place,” Trump declared in a May 25 post on Truth Social — a social media platform owned by Trump Media and Technology Group (TMTG).

“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed, before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race, with the US election day scheduled on November 4.

"CROOKED JOE BIDEN, ON THE OTHER HAND, THE WORST PRESIDENT IN THE HISTORY OF OUR COUNTRY, WANTS IT TO DIE A SLOW AND PAINFUL DEATH. THAT WILL NEVER HAPPEN WITH ME!"

His comments were made ahead of his scheduled speech at the Libertarian Party’s National Convention in Washington on the same day.

Trump’s recent positive attitude towards crypto has raised expectations among the crypto industry of his potential victory.

According to Polymarket, a New York-based crypto prediction platform, Trump has a 56% chance of winning the election, while current President Joe Biden holds a 38% chance.

According to Polymarket, Donald Trump has a 56% chance of winning the U.S. election. Source: Polymarket

This comes just after Trump announced his presidential campaign would accept cryptocurrency donations. On May 21, the Trump 2024 campaign said it had launched a fundraising page for eligible people to donate in crypto using the Coinbase Commerce product. 

The website featured logos for Bitcoin, Ether, Dogecoin, Shiba, XRP, USD Coin, SOL, and 0x (ZRX).

Along with Trump making positive public announcements about crypto, he has also reportedly met with crypto enthusiasts.

Recent reports indicated that people who purchased Trump’s “Mugshot” non-fungible tokens (NFTs) had the opportunity to dine with the former president on May 8 at his Mar-a-Lago residence.

This dinner was part of the agreement tied to buying the digital trading cards, which feature his mug shot taken during his surrender at the Fulton County Jail in Georgia.

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