Meme coin TRUMP continues to rise, with a weekly increase of 68%!
Some time ago, because the bull market came in a different way than in the past, many long-term BUIDLers who worked hard for love and persisted for their ideals found that the project survived the cold winter and ushered in the bull market, but the attention and user volume did not change fundamentally. Hot money and new users flocked to the meme projects that could quickly reap results. VCs saw that shill to attract customers could no longer attract users, and even found out that VCs were insider trading and robbing their accounts and so they backed off. At least the meme projects that are fair and self-financing have become a popular topic.
Whether it is a slow and slow infrastructure project or a quick-in-and-out meme investment, cryptocurrencies still need a man who can bring endorsement and security in terms of policy. Who is he? Uncle Trump, the king of understanding, is here.
Trump told cryptocurrency supporters at Mar-a-Lago on Wednesday that they “better voted” for him as the Trump administration launched a regulatory crackdown on the industry and wavered on crypto, like a podium with gyrations and stumbles.
Trump called on crypto voters to support him and accept cryptocurrency donations, and called himself an advocate of cryptocurrency because he has his own exclusive crypto NFT.
Trump mocked cryptocurrencies on social media during his presidency, and key members of his cabinet generally held a conservative attitude toward the industry. However, after leaving office, Trump plunged into the crypto field, issued NFTs in his own image, and gradually established his personal brand charm in the crypto industry. Trump has even exclaimed, "This is great!"
Trump's change in attitude towards cryptocurrencies from previous criticism to support is not surprising. In recent years, the Republican Party has become increasingly friendly to cryptocurrencies. After a series of scandals, Democrats are still divided on whether cryptocurrencies should be legalized. Trump's support is a milestone for cryptocurrency companies, which have carried out extensive lobbying efforts in Washington and spent tens of millions of dollars to influence the 2024 election.
Trump is expected to become the first major party candidate to attract the support of cryptocurrency traders, once again making history in the presidential election.
The crypto voter issue gives Trump another bargaining chip in the election campaign, and Gary Gensler, the Securities and Exchange Commission chairman nominated by Trump, has launched a wide-ranging enforcement action against cryptocurrency companies that he believes have violated federal securities laws. The White House threatened on Wednesday to veto legislation proposed by bipartisan lawmakers that would repeal SEC guidelines that the cryptocurrency industry hates, angering cryptocurrency supporters.
According to a poll conducted by an industry organization, more than 20% of voters in six key states believe that cryptocurrency is an important issue. Another nationwide voter survey commissioned by cryptocurrency company Paradigm found that cryptocurrency ownership is higher among black people and young people, who are key voters who helped Biden get elected in 2020 but now pose a challenge to him.
Right-wing politicians have expressed support for cryptocurrencies, which they see as an alternative to the traditional financial system. A Paradigm poll earlier this year found that cryptocurrency holders prefer Trump to Biden, 48% to 39% , with 13% still undecided.
Trump understands freedom and economics, he knows that American innovation needs to be protected, and he knows that the role of government is to ensure an encryption environment that is conducive to the growth and prosperity of innovation.
Trump is suppressing cryptocurrencies, while Trump is issuing crypto assets. At least the experienced "young man" makes people feel more hopeful than the puppet old corpse. Will Trump promote the legalization and widespread application of cryptocurrencies after taking office? At present, it is just a slogan. Will he be the man?
