Former President Donald Trump said he is now “comfortable” with Bitcoin and cryptocurrencies.
At an event for Trump NFT holders held at President Trump's resort “Mar-a-Lago,” Said Participants noted that regulatory hostility is driving crypto companies out of the United States.
“Virtual currencies are flowing out of the United States due to hostile relations.” Towards cryptocurrencies. I don't want that, so I'll stop. If we're going to accept that, we have to leave them here. ”
In his pitch to cryptocurrency supporters, Trump accused President Biden of being against an industry he doesn't understand.
“They’re against it, Biden – Biden doesn’t even know what it is.” [is]…
He has no idea, but Gensler is totally against it. Democrats are strongly opposed to it. I say this and many people are very supportive of it. There will probably be a lot of people in this room.
that's ok. I want to make sure it's solid, and this is good enough. If you like cryptocurrencies in any form, cryptocurrencies come in many forms, but if you support cryptocurrencies, you might as well vote for Trump. ”
Breaking news: Donald Trump has no problem with cryptocurrencies pic.twitter.com/SCJDKdHQUB
— Frank (33.3%) (@frankdegods) May 9, 2024
President Trump also said he would accept campaign donations in Bitcoin and cryptocurrencies.
Trump took a different view of the cryptocurrency industry during his presidency. criticized Digital assets can facilitate illegal activities;
“I am not a fan of Bitcoin or other cryptocurrencies. They are not money and their value is highly volatile and based on thin air. It may encourage illegal activities, including illegal activities.”
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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