In a recent announcement, the Republican Presidential candidate and Former US President Donald Trump has voiced his backing for cryptocurrency, signaling a shift in his views on digital assets. He acknowledges their potential to foster economic growth and innovation in the United States.

Emphasizing US Leadership in the Crypto Industry

During his campaign against current President Joe Biden, Trump expressed strong support for cryptocurrency and outlined his plans for the industry if he were to be reelected. He aims to ensure that the US leads in the global digital economy and plans to implement progressive regulations.

Trump vows to promote self-custody rights for the more than 50 million digital currency holders in the US and intends to shield the industry from opponents like US Senator Elizabeth Warren. Moreover, he opposes the development of a central bank digital currency.

Recently, Trump announced that his campaign would accept political donations in cryptocurrency via Coinbase Commerce, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB).

Criticizing Joe Biden’s Understanding of Digital Assets

Trump has positioned himself as a cryptocurrency advocate, contrasting himself with Joe Biden, whom he believes lacks comprehension of digital assets. At a recent event, Trump urged crypto supporters to vote for him to drive innovation in the US and elevate its status in the industry.