Trump Posts ‘Our Country Must be the Leader in the (Crypto) Field’ Before Address at Libertarian Convention

Trump asserted on Truth Social before his speech at the Libertarian National Convention in Washington, D.C., later today, “Our country should take the front seat in this field; there’s no contest for the second place.”

“My opponent, Joe Biden, who some argue was the least effective president we’ve ever had, seems content with letting the market gradually decline.”

Since Trump’s efforts to court pro-crypto voters, there has been a significant shift in attitude towards cryptocurrency in Washington. Firstly, Trump made supportive remarks about crypto at a Mar-a-Lago gathering earlier this month. Subsequently, on Tuesday, Trump’s presidential campaign initiated the acceptance of digital currency donations, keeping his promise to be the first major party candidate to endorse Bitcoin, Ether, and other virtual currencies.

Trump’s supportive stance towards cryptocurrencies and his actions appear to have softened the Biden administration’s resistance to digital assets. Last week, the White House expressed its disapproval of the House of Representatives passing a crypto market structure bill without threatening a veto, allowing it to be approved. Following this development, on Thursday, key regulatory filings for an ether exchange-traded fund (ETF) were accepted by the Securities and Exchange Commission, bringing them significantly closer to being available in the US. This approval was considered highly unlikely only a month prior.