Cryptocurrency News: Trump’s Bitcoin Boost
Donald Trump, the former president, has taken a U-turn on his stance on cryptocurrency. He has gone from calling it “not money” to becoming a vocal supporter of the industry.
Trump has embraced the hype surrounding cryptocurrencies and is accepting donations in Bitcoin. He has collected around $4 million in Bitcoin donations, a source with knowledge of his fundraising said.
Trump has also promised to make it easier for cryptocurrency mining companies to operate in the United States. He has criticized the Biden administration’s efforts to regulate the industry, calling it a “war on crypto.”
Trump’s recent embrace of cryptocurrencies has been welcomed by the industry. Many leaders and investors have donated millions of dollars to his campaign.
Trump is scheduled to address the Bitcoin 2024 conference in Nashville, Tennessee, on July 27th.
It will be interesting to see how Trump’s cryptocurrency-friendly policies will play out if he is elected president.
