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Trump Posts 'Our Country Must be the Leader in the (Crypto) Field' Prior to Speech Before Libertarians
The comments came days after he became the first U.S. major presidential candidate to accept crypto donations.
Donald J. Trump tightened his recent embrace of crypto today, posting on social media, "I am very positive and open minded to cryptocurrency companies and all things related to this new and burgeoning industry," as both sides in the upcoming presidential election appear to be seeking to win over pro-crypto voters.
"Our country must be the leader in the field, there is no second place," Trump posted on Truth Social prior to his address at the Libertarian National Convention in Washington, D.C., later today.
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Trump then took a shot at his rival: "Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death."
The sentiment toward crypto has noticeably warmed in Washington since Trump has deliberately sought to woo pro-crypto voters. First, the former president made pro-crypto comments earlier this month at a Mar-a-Lago dinner. Then this past Tuesday, Trump's presidential campaign began accepting crypto donations, making good on the presumptive Republican nominee's pledge to become the first major party candidate to embrace bitcoin, ether and other digital currencies.
Following Trump's pro-crypto rhetoric and actions, the Biden administration's opposition to crypto as well as the attitude of the traditionally crypto-adverse Securities and Exchange Commission appear to have softened. Last Wednesday, the White House issued a statement expressing its opposition to the House of Representatives passing a crypto market structure bill, but Biden didn't threaten a veto. The House proceeded to approve the measure, which now heads to the Senate. Then on Thursday, the ether exchange traded funds (ETF) took a major step toward becoming available in the U.S. after the Securities and Exchange Commission approved key regulatory filings. Such an approval was seen as extremely unlikely just a month ago.
Read more: The Biden Administration Is Easing Up on Crypto (a Vibes Analysis)
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
