Biden Criticized for Lack of Understanding in Cryptocurrency, Trump Claims Expertise and Plans to Accept Crypto Donations

US presidential candidate Donald Trump held a special event for holders of Trump NFTs at his Mar-a-Lago estate in Florida on Wednesday evening. During the event, he expressed support for cryptocurrency and claimed that current US President Joe Biden has no knowledge of cryptocurrency. Trump even pointed fingers at Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), stating that “Gensler is very against it, and Democrats are also very against it. But what I want to say is that many people support it.” According to footage shared by Frank, co-founder of the NFT project DeGods, Trump stated during a Q&A session that he would welcome campaign donations in cryptocurrency and said, “If you can’t, I will make sure you can.” It is rumored that a meme coin called $BODEN, based on Biden, was mentioned at the NFT event. Trump responded to attendees by saying, “A coin is worth so much money; I don’t like this kind of investment.” According to data from DexScreener, after news of Trump discussing cryptocurrency spread, both $BODEN and another meme coin based on Trump called $TREMP saw an increase in value. Trump had previously expressed his lack of support for cryptocurrency during his presidency, believing that unregulated digital assets could promote illegal activities. However, his views on digital assets have changed in recent years, and some believe that Trump winning the US presidential election in November would be beneficial for Bitcoin. Ron Hammond, the Director of Government Relations at the Blockchain Association, linked the Mar-a-Lago event to a resolution passed by the US House of Representatives condemning the SEC’s policies regarding cryptocurrency banks. Fox Business reporter Eleanor Terrett believes that last night’s remarks were “Trump’s first public endorsement (or even discussion) of ‘cryptocurrency’ as a whole, not just Bitcoin.” Source: Related reports: “Standard Chartered points out two catalysts for the cryptocurrency market: US fiscal dominance and Trump’s victory” “Trump claims cryptocurrency is widely used, implying that he will not suppress it if elected” “Using ‘prison photos’ as a gimmick! Trump introduces a new version of NFT combining physical and digital cards”

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