Donald Trump Takes New Approach Toward Crypto, Bashes Biden’s Hostile Administration

Former US President Donald Trump announced his intention to ensure the acceptance of cryptocurrency donations for his campaign donations.

Trump is the Republican candidate for the next US presidential elections scheduled for November 2024.

Trump pushes for cryptocurrency donations

In various videos posted to

Attendees received over 47 NFTs individually, priced at $99 each. And in his speech, Trump Mentioned“We did it when NFTs weren't hot. We made NFTs hot again.”

BREAKING: Donald Trump asked “Can we donate using cryptocurrencies?”

“If you can't, I'll make sure you can.” pic.twitter.com/Nm2YjqxwSI

– Frank (33.3%) (@frankdegods) May 9, 2024

Regarding his campaign, Trump said that if his followers cannot donate using cryptocurrencies, he will ensure they can. Trump also responded to President Joe Biden's supposed lack of understanding of cryptocurrencies. Hence, cryptocurrency supporters should vote for it instead.

When asked about potentially keeping the cryptocurrency business in the US, Trump reiterated his commitment to doing so. He stressed that if crypto companies are looking to move due to hostility towards the sector, he will work to prevent their departure. He added that if cryptocurrencies are adopted, they should remain in the country.

The “Jeo Boden” meme coin, a fun token inspired by US President Joe Biden, has risen more than 45% according to CoinGecko. Data After Trump mentioned the token.

After learning that the BODEN token had reached a market cap of $240 million, Trump expressed his doubts. It takes a lot of money for a coin, he said, adding that he did not like the investment.

Trump's Evolving Support for Cryptocurrencies

Electric Capital co-founder Avishal Garg expressed his admiration for what he sees as an evolution in Trump's stance on cryptocurrencies. Garg praised those who were advising him for doing an exceptional job. Garg added that if President Biden maintains an anti-crypto stance, crypto sentiment could shift from anti-Gary Gensler, Chairman of the US Securities and Exchange Commission, to anti-Biden and even anti-Democrats.

In late 2022, Trump obtained his first cryptocurrency tokens after launching a set of non-fungible tokens (NFT) for Trump digital trading cards. This project leveraged Trump's identity, likeness, and brand to distribute 45,000 NFTs, priced at $99 each.

Trump received royalties from the initial sale and a percentage of trading volumes in the secondary market. The project has been a huge success compared to the broader NFT market, with the minimum price currently exceeding $200.