Trump’s Head-Spinning U-Turn On Crypto
During his first stint in the White House, Trump wasn’t a fan of Bitcoin and other cryptocurrencies. Despite once claiming that they were “based on thin air”, Trump is now presenting himself as crypto’s candidate of choice.
The embattled former U.S. President and 2024 hopeful promised to end hostility toward the crypto asset landscape if reelected and indicated that he is “very positive and open-minded” to cryptocurrency-focused companies. “Our country must be the leader in the field, there is no second place,” he further declared.
Moreover, his campaign currently accepts donations in several cryptocurrencies as he has become friendly to the bourgeoning industry — described by some as a watershed moment in crypto policy. That’s largely because Joe Biden’s administration has taken a strongly anti-crypto stance in the past.
