Former U.S. President Donald Trump has expressed his intention to accept campaign donations in the form of cryptocurrency. This announcement was made during a gathering organized by Trump himself, where he interacted with a group of non-fungible token (NFT) buyers.
The event was captured in multiple video clips uploaded by Frank Degods, a well-known NFT creator and influencer. Trump assured the attendees that he would facilitate the use of cryptocurrency for campaign donations, stating, “If you can’t, I’ll make sure you can.”
In the same gathering, Trump took a dig at current President Joe Biden, claiming that Biden lacks understanding of what cryptocurrency is. He further urged those who favor cryptocurrency to vote for him, emphasizing that crypto comes in various forms.
The event was organized to meet and dine with buyers of Trump’s “Mugshot Edition” NFTs. According to reports from Axios, each of the attendees had purchased more than 47 NFTs, each priced at $99. Trump proudly stated, “We did it when NFTs were not hot. We made NFTs hot again.”
Trump’s Stance on Crypto Businesses
When asked about his plans for crypto businesses in the U.S., Trump expressed his commitment to keep them in the country. He voiced his concern over the potential exodus of crypto businesses due to hostility towards the sector, asserting, “If crypto is moving out of the U.S. because of hostility toward crypto… well, we’ll stop it. We don’t want that.”
Following Trump’s comments, the “Jeo Boden” memecoin, a joke token based on President Joe Biden, saw an 18.5% increase over the past 24 hours. However, Trump expressed his disapproval of the BODEN token’s $240 million market capitalization, stating, “That’s a lot of money for a coin. I don’t like that investment.”
The Crypto Community’s Reaction
Avichal Garg, Co-founder of Electric Capital, praised Trump’s evolving stance on crypto in a post, stating, “It is amazing to see the evolution.” He further added that if Biden continues to be anti-crypto, it could lead to the crypto community turning against the Democrats.
As of now, Trump is the Republican candidate for the upcoming U.S. presidential election in November 2024. The Trump campaign has yet to respond to requests for further comment on this matter.
