Former President Donald Trump says he’s now “good with” Bitcoin and cryptocurrency.
At an occasion for Trump NFT holders at his Mar-a-Lago resort, Trump told attendees that regulatory hostility is driving crypto corporations out of the US.
“Crypto is shifting out of the US due to hostility towards crypto. We’ll cease it as a result of I don’t need that. If we’re going to embrace it, we now have to allow them to be right here.”
In a pitch to crypto advocates, Trump accused President Biden of being in opposition to an business that he doesn’t perceive.
“They’re in opposition to it, the Biden – Biden doesn’t even know what it [is]…
He has no concept however look, Gensler may be very a lot in opposition to it. The Democrats are very a lot in opposition to it. And I say this, lots of people are very a lot for it. In all probability lots of people who’re on this room.
And I’m high-quality with it. I need to be certain it’s good and stable, however I’m good with it. When you like crypto in any kind – it is available in quite a lot of totally different kinds – in the event you’re in favor of crypto you’d higher vote for Trump.”
BREAKING: DONALD TRUMP IS FINE WITH CRYPTO pic.twitter.com/SCJDKdHQUB
— Frank (33.3%) (@frankdegods) May 9, 2024
Trump additionally stated he’ll settle for donations to his marketing campaign in Bitcoin and crypto.
Throughout his presidency, Trump had a distinct tackle the crypto business, and criticized digital belongings for his or her potential to facilitate illegal conduct.
“I’m not a fan of Bitcoin and different cryptocurrencies, which aren’t cash, and whose worth is very unstable and primarily based on skinny air. Unregulated Crypto Belongings can facilitate illegal conduct, together with drug commerce and different criminal activity.”
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