According to ChainCatcher, former President Donald Trump revealed in an interview with Bloomberg Businessweek that the reason he turned to the cryptocurrency industry was because "if we don't do it, China will take over, or other countries, but it is likely to be China. China attaches great importance to this."
Trump said the U.S. crypto industry "has a good foundation. It's still a baby right now. But I don't want other countries to take over this space."
Additionally, new data from the Federal Election Commission (FEC) showed that of the approximately $331 million raised by the Trump campaign last quarter, about $3 million came from cryptocurrencies, The Wall Street Journal reported on Tuesday.
