Minjoosong
While Trump has recently expressed strong support for Bitcoin and criticized the current administration's approach to crypto regulation, his long-term position remains uncertain. A report from TD Cowen suggests that despite his recent pro-crypto statements, Trump might revert to a more skeptical stance if elected.
The report emphasizes that Trump's statements about crypto during the first 2024 presidential debate will be a crucial indicator of his potential regulatory approach. It warns that any deviation from total support could raise concerns about a possible return to the skeptical approach seen during his first term.
"Crypto President" Aspirations
At a recent fundraising event in San Francisco, co-hosted by tech industry figures David Sacks and Chamath Palihapitiya, Trump reportedly expressed his desire to become the "crypto president." He allegedly affirmed his commitment to championing the industry's advancement while warning against stringent regulations purportedly favored by the Democratic Party.
As the crypto community awaits confirmation of Trump's attendance at the Bitcoin 2024 convention, his potential speech is viewed as a significant move to garner support from crypto enthusiasts ahead of the upcoming elections.
