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Donald Trump declares US must not settle for 'second place' in crypto industry – Cointelegraph

Former US President Donald Trump said the US should not be satisfied with anything less than a top position in the cryptocurrency industry.

“We must be a leader in this, not second,” President Trump declared in a May 25 speech. post On Truth Social, a social media platform owned by Trump Media and Technology Group (TMTG).

“I have a very positive and open mind about crypto companies and everything related to this new and fast-growing industry,” he claimed, while criticising current President Joe Biden, whom he faces in the 2024 presidential election scheduled for November 4.

“Meanwhile, I hope that the worst president in the history of our country, the evil Joe Biden, will die a slow and painful death. That will never happen to me!”

His comments came ahead of schedule. speech The same day, the Libertarian Party National Convention was held in Washington.

President Trump’s recent positive stance on cryptocurrencies has raised hopes for a victory for him within the cryptocurrency community.

according to PolymarketAccording to the New York-based cryptocurrency prediction platform, Trump has a 56% chance of winning the election, while current President Joe Biden has a 38% chance of winning.

According to PolyMarket, Donald Trump has a 56% chance of winning the US presidential election. Source: PolyMarket

This comes shortly after President Trump announced that his presidential campaign would be accepting crypto donations. On May 21, the Trump 2024 campaign announced that it had launched a fundraising page where eligible people could donate in crypto using the Coinbase Commerce product.

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

Related: Trump-themed MAGA meme coin surges after Trump’s pro-cryptocurrency remarks

In addition to making positive announcements about cryptocurrencies, President Trump also reportedly met with crypto enthusiasts.

According to recent reports, buyers of President Trump’s “mugshot” non-fungible token (NFT) had the opportunity to dine with the former president at his Mar-a-Lago estate on May 8.

The dinner was part of an agreement to purchase a digital trading card featuring his mugshot taken when he turned himself in at the Fulton County Jail in Georgia.

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