Former President Donald Trump says he’s now “good with” Bitcoin and cryptocurrency.
At an event for Trump NFT holders at his Mar-a-Lago resort, Trump told attendees that regulatory hostility is driving crypto firms out of the US.
“Crypto is moving out of the US because of hostility toward crypto. We’ll stop it because I don’t want that. If we’re going to embrace it, we have to let them be here.”
In a pitch to crypto advocates, Trump accused President Biden of being against an industry that he doesn’t understand.
“They are against it, the Biden – Biden doesn’t even know what it [is]…
He has no idea but look, Gensler is very much against it. The Democrats are very much against it. And I say this, a lot of people are very much for it. Probably a lot of people who are in this room.
And I’m fine with it. I want to make sure it’s good and solid, but I’m good with it. If you like crypto in any form – it comes in a lot of different forms – if you’re in favor of crypto you’d better vote for Trump.”
BREAKING: DONALD TRUMP IS FINE WITH CRYPTO pic.twitter.com/SCJDKdHQUB
— Frank (33.3%) (@frankdegods) May 9, 2024
Trump also said he will accept donations to his campaign in Bitcoin and crypto.
During his presidency, Trump had a different take on the crypto industry, and criticized digital assets for their potential to facilitate unlawful behavior.
“I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Trump Says He’s ‘Good With’ Bitcoin and Crypto, Claims Biden Doesn’t Understand Digital Assets appeared first on The Daily Hodl.
