{"id":1176,"date":"2024-05-09T07:57:43","date_gmt":"2024-05-09T07:57:43","guid":{"rendered":"https:\/\/cryptd.in\/donald-trump-takes-new-approach-toward-crypto-bashes-bidens-hostile-administration\/"},"modified":"2024-05-09T07:57:43","modified_gmt":"2024-05-09T07:57:43","slug":"donald-trump-takes-new-approach-toward-crypto-bashes-bidens-hostile-administration","status":"publish","type":"post","link":"https:\/\/cryptd.in\/et\/donald-trump-takes-new-approach-toward-crypto-bashes-bidens-hostile-administration\/","title":{"rendered":"Donald Trump Takes New Approach Toward Crypto, Bashes Biden\u2019s Hostile Administration"},"content":{"rendered":"

Former U.S. President Donald Trump has announced his intention to ensure cryptocurrency donations are accepted for his campaign donations.<\/p>\n

Trump is the Republican candidate for the upcoming U.S. presidential election scheduled for November 2024.<\/p>\n

Trump Pushes for Crypto Donations<\/h2>\n

In various video clips posted to X by Frank Degods, a non-fungible token creator and influencer, Trump addressed his NFT buyers during a gathering where he met those who purchased his \u201cMugshot Edition\u201d collection on his day off from trial.<\/p>\n

The attendees had acquired over 47 NFTs individually, each priced at $99. In his speech, Trump mentioned<\/a>, \u201cWe did it when NFTs were not hot. We made NFTs hot again.\u201d<\/p>\n

BREAKING: DONALD TRUMP ASKED \u201cCAN WE DONATE USING CRYPTO?\u201d<\/p>\n

\u201cIF YOU CANT, I\u2019LL MAKE SURE YOU CAN\u201d pic.twitter.com\/Nm2YjqxwSI<\/a><\/p>\n

\u2014 Frank (33.3%) (@frankdegods) May 9, 2024<\/a><\/p>\n\n

Regarding his campaign, Trump said if his followers cannot donate using crypto, he\u2019ll ensure they can. Trump also retorted on President Joe Biden\u2019s supposed lack of understanding of crypto. Hence, crypto supporters should vote for him instead.<\/p>\n

When asked about the prospect of retaining<\/a> crypto businesses in the United States, Trump reaffirmed his commitment to do so. He emphasized that if crypto companies are looking to relocate due to hostility towards the sector, he will work on preventing their departure. He added that if crypto was to be embraced, it must remain in the country.<\/p>\n

The \u201cJeo Boden\u201d meme coin, a playful token inspired by U.S. President Joe Biden, surged by over 45% as per CoinGecko andmed<\/a> after Trump mentioned the token.<\/p>\n

After learning that the BODEN token hit a market cap of $240 million, Trump expressed his skepticism. He said it was a lot of money for a coin, adding that he didn\u2019t like the investment.<\/p>\n

Trump\u2019s Evolving Support for Crypto<\/h2>\n

Electric Capital co-founder Avichal Garg has expressed his admiration for what he perceives as an evolution in Trump\u2019s stance<\/a> on crypto. Garg commended whoever was advising him on it was doing an exceptional job. Garg added that if President Biden maintains an anti-crypto stance, crypto sentiment might shift from being anti-Gary Gensler, the chair of the U.S. Securities and Exchange Commission, to anti-Biden and even anti-Democrats.<\/p>\n

In late 2022, Trump acquired his first crypto tokens after launching<\/a> the Trump Digital Trading Cards non-fungible token (NFT) collection. This project leveraged Trump\u2019s identity, likeness, and branding to distribute 45,000 NFTs, each priced at $99.<\/p>\n

Trump gained<\/a> royalties from the initial sale and a percentage from trading volumes on the secondary market. The project has had much success relative to the broader NFT market, with the floor price currently exceeding $200.<\/p>\n

Postitus Donald Trump Takes New Approach Toward Crypto, Bashes Biden\u2019s Hostile Administration<\/a> ilmus esimesena veebilehel CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Former U.S. President Donald Trump has announced his intention to ensure cryptocurrency donations are accepted for his campaign donations. Trump is the Republican candidate for the upcoming U.S. presidential election scheduled for November 2024. Trump Pushes for Crypto Donations In various video clips posted to X by Frank Degods, a non-fungible token creator and influencer, […]<\/p>\n","protected":false},"author":0,"featured_media":1177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nDonald Trump Takes New Approach Toward Crypto, Bashes Biden\u2019s Hostile Administration - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/et\/donald-trump-takes-new-approach-toward-crypto-bashes-bidens-hostile-administration\/\" \/>\n<meta property=\"og:locale\" content=\"et_EE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donald Trump Takes New Approach Toward Crypto, Bashes Biden\u2019s Hostile Administration - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Former U.S. President Donald Trump has announced his intention to ensure cryptocurrency donations are accepted for his campaign donations. 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