Donald Trump Says He Wants To Be “Crypto President,” Political Meme Coins Surge

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Former US President Donald Trump mentioned he desires to change into the “crypto president,” sending political meme cash on a rally on the weekend.

Trump made the comment at a fundraiser in San Francisco on June 6, based on a Reuters report that cited three individuals current on the occasion.

“He mentioned he can be the crypto president,” mentioned Trevor Traina, a San Francisco-based tech govt and former Trump ambassador to Austria.

Trump additionally mentioned crypto is essential and emphasised that he’s very very supportive of the sector, Republican Nationwide Committeewoman Harmeet Dhillon advised the information company.

Dhillon added that Trump, who’s working in opposition to President Joe Biden in elections on Nov. 5, didn’t supply specifics on his proposed crypto insurance policies.

Donald Trump Goals To Deliver An Finish To Biden-Gensler “Campaign” Towards Crypto

The fundraising occasion was hosted by tech billionaire Chamath Palihapitiya and Craft Ventures’ basic associate David Sacks. It gave Trump a platform to as soon as once more categorical his assist for crypto in entrance of trade gamers, together with executives from Coinbase, and the Winklevoss twins.

Whereas echoing his assist for the burgeoning digital asset area, Trump additionally criticized the Democratic Occasion’s regulation-by-enforcement crackdown on crypto, and mentioned he’ll deliver it to an finish to if he’s elected.

“President Trump made clear that the Biden-Gensler campaign in opposition to crypto will grind to a halt inside one hour of a second Trump administration,” mentioned Jacob Helberg, an adviser to information analytics supplier Palantir, the information company reported

The Trump marketing campaign raised $12 million on the occasion for its bid to win the Nov. 5 US presidential election.

Political Meme Cash Surge After Trump’s Bullish Remarks

Trump’s objective to change into the crypto president comes after he mentioned that the US “should be the chief within the [crypto] discipline” in a Could 25 put up on Reality Social.

Prime political meme cash (Supply: CoinMarketCap)

Buyers rushed to purchase meme cash linked to the previous president after the occasion. The most important by market cap, MAGA (TRUMP), noticed its worth soar over 10% in the course of the previous 24 hours to commerce at $13.49 as of three:00 a.m. EST.

Sellers waking up this morning to see $MAGA up 65% from once they offered making an attempt to play it cool. @MagaHAT_ETH

SELLERS GET REKT pic.twitter.com/Yn7cIVooR3

— Juice (@crypto_pisano) June 9, 2024

MAGA (MAGA), Tremendous Trump (STRUMP) and MAGA VP (MVP) additionally posted 24-hour beneficial properties. Main the cost was STRUMP with its 28% surge, whereas MAGA and MVP rose 12% and three%, respectively.