Trump's token MAGA is skyrocketing! The new chip for the King of Understanding's campaign: emerging crypto supporters!
The man is coming back, and the crypto supporters in the audience are waving their flags vigorously, MAGA!Meme Coin TRUMP Continues to Rise, with a Weekly Increase of 68%!
Recently, due to the different posture of the bull market, many long-term BUIDLers who have persevered for love and ideals have realized that the project has survived the winter and welcomed the bull market, but the attention and user base have not fundamentally changed. Hot money and new users have flocked to meme projects that yield quick results. VCs have found that their efforts to attract users through promotions are no longer effective, and they have even noticed some shady operations like insider trading, leading them to retreat. At least the fairly self-sufficient meme projects have become the bustling Macau of online gaming.
Whether it’s the slow and cumbersome infrastructure projects or the fast-paced meme investments, crypto still needs a man who can provide endorsement and a sense of security through policy. Who is he? It’s the knowledgeable Uncle Trump.
On Wednesday, Trump told cryptocurrency supporters at Mar-a-Lago that they "better vote" for him, as the Biden administration has launched regulatory crackdowns on the industry and has had an inconsistent attitude towards crypto, much like the worrying spins and falls on the podium.
Trump called on crypto voters to support him and accept cryptocurrency donations, claiming he is an advocate for cryptocurrency because he has his own exclusive crypto NFT.
During his presidency, Trump mocked cryptocurrencies on social media, and key members of his cabinet generally held conservative views on the industry. However, after leaving office, he has engaged in the crypto space, issuing NFTs featuring his likeness and gradually establishing his personal brand charm in the crypto industry. Trump has openly expressed his approval!
Trump's attitude towards cryptocurrencies has shifted from criticism to support, which is not surprising. In recent years, the Republican Party has become increasingly friendly towards cryptocurrencies. After a series of scandals, Democrats remain divided on whether to legalize cryptocurrencies. For crypto companies, Trump's support is monumental, as these companies have engaged in extensive lobbying efforts in Washington, spending tens of millions of dollars to influence the 2024 elections.
Trump is expected to become the first major party candidate to attract support from cryptocurrency traders, once again making history in his presidential run.
The issue of crypto voters adds another chip to Trump's campaign, while Gary Gensler, the SEC chairman nominated by Biden, has launched extensive enforcement actions against crypto companies, believing they violate federal securities laws. The White House threatened on Wednesday to veto bipartisan legislation aimed at abolishing the SEC guidelines that the crypto industry despises, which has angered cryptocurrency supporters.
According to a poll conducted by an industry organization, over 20% of voters in six key states consider cryptocurrency an important issue. Another nationwide voter survey commissioned by the cryptocurrency company Paradigm found that the rate of cryptocurrency ownership is higher among Black individuals and young people, who were key voters that helped Biden win in 2020 but now pose a challenge to him.
Right-wing politicians have expressed support for cryptocurrencies, viewing them as an alternative to the traditional financial system. Earlier this year, a Paradigm poll found that cryptocurrency holders prefer Trump over Biden, with a ratio of 48% to 39%, and 13% of respondents have not yet made a decision.
Trump understands freedom and the economy; he knows that American innovation needs protection, and he understands that the government's role should be to create a favorable environment for innovation to grow and prosper in the crypto space.
While Biden suppresses cryptocurrencies, Trump issues crypto assets. At least the experienced "young man" seems more hopeful than the puppet old corpse. Whether Trump will promote the legalization and widespread application of cryptocurrencies after taking office remains to be seen; will he be that man?
