Donald Trump is gradually expanding his influence in the cryptocurrency market. Recently, Trump announced the official acceptance of cryptocurrency donations for his presidential re-election campaign, actively strengthening his ties with the digital asset industry. This move stands in contrast to the Biden administration's strict regulatory stance and is drawing hot responses from both Trump supporters and conservative-leaning crypto communities.
The Trump camp stated that they have begun accepting donations in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Doge (DOGE), and SHIB. Trump-supporting cryptocurrency investors are sharing donation confirmations and messages of support across various social network services immediately after the report.
What draws attention is that Trump is not just accepting cryptocurrencies as a donation method, but clearly highlighting his pro-crypto candidate identity. At a private event at his Mar-a-Lago estate, Trump stated, "President Biden is trying to destroy cryptocurrencies" and "If I am elected again, I will protect the cryptocurrency industry." This is interpreted as a promise to ease regulations favorable to the digital asset market.
According to cryptocurrency market analysis firm Santiment, after Trump's statement, trading volumes of related meme coins temporarily surged, and mentions of Trump-symbolic coins quickly increased across various communities. The market is responding to the fact that Trump is a figure who can substantially influence the regulatory environment.
The current situation where political and cryptocurrency industry interests intersect could be a turning point for digital asset policies in the United States. A spokesperson for the Trump camp stated, "Cryptocurrencies align well with Trump-style economic policies based on free markets and tax reductions." They also clearly drew a line by saying they will "present a different path from the Biden government that suppresses technological innovation".
Accepting cryptocurrency donations is a symbolic measure showing that Trump is making digital asset markets a key axis of his election strategy. While it remains uncertain whether Trump's policy direction will lead to actual regulatory relaxation, he is currently one of the politicians the crypto industry is most expecting.
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