Biden

DONALD TRUMP

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President Donald Trump

Donald Trump

<ul> 
 <li>Biden intends to veto the US House vote to secure crypto holding by financial firms.</li> 
 <li>This gives Trump the chance to rise as a favorable candidate for the crypto community.</li> 
 <li>Trump wants to keep crypto businesses in the US and accepts crypto campaign donations.</li> 
</ul> 
<p>Despite the US house votes to overturn the SEC rule for preventing highly regulated financial firms from holding crypto assets and Bitcoin (BTC), the hope is immediately crushed. This is because of <a href="https://cryptonewsland.com/biden-poised-to-veto-h-j-res-109-over-sec-digital-asset-rules/" target="_blank" rel="noreferrer noopener">Biden’s intent to use a veto</a> to hinder it.</p> 
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   <p lang="en" dir="ltr">As they should… Biden has declared a veto if presented with it though. <a href="https://t.co/unK74xwWsZ">pic.twitter.com/unK74xwWsZ</a></p>— Chad Justice | CEO (@CollabChad) <a href="https://twitter.com/CollabChad/status/1788333788965032000?ref_src=twsrc%5Etfw">May 8, 2024</a>
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<p>Amid this crushing blow to the crypto community from one Presidential candidate, another Presidential candidate brings hope to the crypto sector in a one familiar presidential face, <a href="https://cryptonewsland.com/record-breaking-activity-in-trump-digital-trading-cards/" target="_blank" rel="noreferrer noopener">Donald Trump</a>.</p> 
<p>In a wonderful turn of events, former President Donald Trump answers crypto questions directed to him in bullish sentiment. For one, when asked how he would prevent crypto companies from leaving the United States due to insufficient regulations Trump replied that he would find a way to keep the crypto businesses in the US.&nbsp;</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>FORMER U.S PRESIDENT DONALD <br>TRUMP SUPPORTS CRYPTO AND <br>WANTS TO KEEP CRYPTO BUSINESS <br>OPEN IN THE UNITES STATES <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>THIS IS MASSIVE AS MANY ARE <br>PREDICTING DONALD TRUMP WILL <br>WIN THE NEXT PRESIDENTIAL <br>ELECTION OF U.S.<br><br>GIGA BULLISH <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br> <a href="https://t.co/DZpz2Bmz4y">pic.twitter.com/DZpz2Bmz4y</a></p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1788369332637974854?ref_src=twsrc%5Etfw">May 9, 2024</a>
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<p>He says he does not want them to leave and will thus support these crypto businesses so they can remain open in the USA. Trump even mentions that Biden does not understand crypto and the democrats are against crypto.</p> 
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   <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Donald Trump announces he is accepting presidential campaign donations in cryptocurrency.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1788377662232084743?ref_src=twsrc%5Etfw">May 9, 2024</a>
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<p>In a follow up question another asks if Trump takes donations in crypto. To this, Trump responds yes, but if you can’t he’ll make sure you can. This is another bullish sign to his support for crypto use and holding in the United States.</p> 
<p>In the same line of support, US Congressman <a href="https://twitter.com/BitcoinMagazine/status/1788327051520278708?s=19" target="_blank" rel="noreferrer noopener nofollow">Patrick McHenry</a> also gives a speech supporting the overturning of the SEC rule that prevents regulated financial firms from custodying Bitcoin and crypto. He also adds that banks should also be allowed to custody Bitcoin ETF funds.</p> 
<p>Lastly, Trump shares a tidbit about his take on <a href="https://twitter.com/tier10k/status/1788368117351002614?s=19" target="_blank" rel="noreferrer noopener nofollow">$BODEN at an NFT event</a>. He says that it’s a lot of money for a coin and is not likely to make that investment. The price of $BODEN currently stands at $0.38 according to <a href="https://coinmarketcap.com/currencies/jeo-boden/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bidens-bill-will-hinder-crypto-activities-within-the-usa/">Biden’s Bill Will Hinder Crypto Activities Within The USA</a></li>
 <li><a href="https://cryptonewsland.com/from-skeptic-to-believer-trump-holds-500k-in-ethereum/">From Skeptic to Believer: Trump Holds $500K in Ethereum</a></li>
 <li><a href="https://cryptonewsland.com/the-unprecedented-5-billion-offer-bankman-frieds-attempt-to-sway-trump/">The Unprecedented $5 Billion Offer: Bankman-Fried’s Attempt to Sway Trump?</a></li>
 <li><a href="https://cryptonewsland.com/trumps-digital-trading-cards-about-to-get-dumped/">Trump’s ‘Digital Trading Cards’ About to get Dumped</a></li>
 <li><a href="https://cryptonewsland.com/new-trump-meme-coin-maga-skyrockets-20000-amid-ongoing-controversy/">New Trump Meme Coin (MAGA) Skyrockets 20,000% Amid Ongoing Controversy</a></li>
</ul>    
<p>The post <a href="https://cryptonewsland.com/trump-emerges-as-beacon-of-hope-for-crypto-community-as-biden-reveals-intend-to-hinder-progress-for-us-crypto-sector/">Trump Emerges as Beacon of Hope for Crypto Community as Biden Reveals Intend to Hinder Progress for US Crypto Sector</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Trump Emerges as Beacon of Hope for Crypto Community as Biden Reveals Intend to Hinder Progress for US Crypto Sector

Crypto News Land

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