Donald Trump declares US must not settle for ‘second place’ in crypto industry
May 25, 2024

The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. President Donald Trump.

“Our country must be the leader in the field, there is no second place,” Trump declared in a May 25 post on Truth Social — a social media platform owned by Trump Media and Technology Group.

“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race. The U.S. election day is scheduled for Nov. 5.

"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. That will never happen with me!"

His comments were made ahead of his scheduled speech at the Libertarian Party’s National Convention in Washington on the same day.

Trump’s recent positive attitude toward crypto has raised expectations among the crypto industry of his potential victory.

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According to Polymarket , a New York-based crypto prediction platform, Trump has a 56% chance of winning the election, while Biden holds a 38% chance.

Donald Trump declares US must not settle for ‘second place’ in crypto industry

This comes just after Trump announced that his presidential campaign would accept cryptocurrency donations. On May 21, the Trump 2024 campaign said it had launched a fundraising page for eligible people to donate in crypto using the Coinbase Commerce product .

The website featured logos for Bitcoin

BTC$89,958
Bitcoin
Change (24h)
2.69%
Market Cap $1.78T
Volume (24h) $43.21B
View More
, Ether
ETH$2,223
Ethereum
Change (24h)
2.90%
Market Cap $267.77B
Volume (24h) $17.52B
View More
, Dogecoin
DOGE$0.2043
Dogecoin
Change (24h)
2.68%
Market Cap $30.30B
Volume (24h) $1.27B
View More
, Shiba Inu
SHIB$0.00001331
Shiba Inu
Change (24h)
2.08%
Market Cap $7.84B
Volume (24h) $27.32M
View More
, XRP
XRP$2.49
XRP
Change (24h)
1.06%
Market Cap $144.02B
Volume (24h) $4.79B
View More
, USD Coin
USDC$0.9999
USDC
Change (24h)
0.01%
Market Cap $52.18B
Volume (24h) $6.76B
View More
, SOL
SOL$145.20
Solana
Change (24h)
1.88%
Market Cap $70.65B
Volume (24h) $4.07B
View More
, and 0x (ZRX).

Related: Trump-themed MAGA memecoin rallies after his pro-crypto comments

Along with Trump making positive public announcements about crypto, he has also reportedly met with crypto enthusiasts.

Cointelegraph recently reported that people who purchased Trump’s “Mugshot” nonfungible tokens (NFTs) had the opportunity to dine with Trump on May 8 at his Mar-a-Lago residence.

The dinner was part of the agreement with buying the digital trading cards, which feature his mugshot taken during his surrender at the Fulton County Jail in Georgia.

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