Donald Trump

United

Silk Road

With less than a week until Election Day in the United States and many people voting early, Republican presidential candidate Donald Trump took to his social media platform to remind voters of his campaign promises on crypto.
In Oct. 31 Truth Social and X posts, Trump <a data-ct-non-breakable="null" href="https://truthsocial.com/@realDonaldTrump/posts/113402928440845044" rel="null" target="null" text="null" title="null">called</a> on his roughly 8 million followers to vote for him in the 2024 election, claiming he would have all Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) “made in the USA” if elected. 
The message included a “Happy 16th Anniversary” for the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-16-year-anniversary" rel="null" target="null" text="null" title="null">Bitcoin white paper</a> and claims to end US Vice President Kamala Harris’ “war on crypto” — despite the Democratic candidate <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/kamala-harris-finally-breaks-silence-crypto-during-fundraiser" rel="null" target="null" text="null" title="null">pledging to support the industry</a> if elected.
<figure>
 <img alt="Cryptocurrencies, Donald Trump, Policies, US Elections 2024" src="https://s3.cointelegraph.com/uploads/2024-10/0192e39a-6fa1-7a32-ba6e-6dfaab5f02d7" title="">
 <figcaption style="text-align: center;">
 Source: Truth Social
 </figcaption>
</figure>
As of October, most polls showed Vice President Harris and Trump neck and neck in crucial battleground states where the results of the Electoral College vote will likely be decided. Early voting will end in Georgia, Texas, Arizona, parts of Idaho, Utah and Nevada on Nov. 1, with some states allowing voting through Election Day on Nov. 5.
<h2 id="from-crypto-skeptic-to-proponent-now-that-reelection-is-a-coin-flip-away">From crypto skeptic to proponent now that reelection is a coin flip away?</h2>
During his time in office, Trump said BTC was based on “thin air” and referred to the cryptocurrency as a “scam” in 2021. As a presidential candidate, he has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-bitcoin-u-turn-critic-became-pump-signal" rel="null" target="null" text="null" title="null">made several claims</a> that could affect the industry, including promises to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-ross-ulbricht-silk-road" rel="null" target="null" text="null" title="null">pardon Silk Road founder Ross Ulbricht</a>, restrict all remaining BTC mining entirely within the United States, and block the government from developing a central bank digital currency.<iframe width="100%" height="315" src="https://www.youtube.com/embed/tthVp0Vascs" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-promises-crypto-bitcoin-election" rel="null" target="null" text="null" title="null">Trump made many promises to Bitcoiners — Can he keep them?</a>
With Election Day closing in, social media platforms were rife with misinformation about both presidential candidates and their policies concerning crypto and blockchain.&nbsp;
On Oct. 30, MicroStrategy executive chair Michael Saylor <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/microstrategy-michael-saylor-misinformation-donald-trump-crypto-taxes" rel="null" target="null" text="null" title="null">posted quotes on X from an interview</a> that did not exist that claimed Trump proposed abolishing capital gains taxes on crypto. At the time of publication, Saylor had not removed the post, and BTC advocate Anthony Pompliano had <a data-ct-non-breakable="null" href="https://www.linkedin.com/feed/update/urn:li:activity:7257455200343396352/" rel="null" target="null" text="null" title="null">reposted</a> it on LinkedIn.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoiners-all-in-trump-since-bitcoin-2024-getting-risky/" rel="null" target="null" text="null" title="null">Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky</a>

Donald Trump makes a last-minute appeal to crypto voters

Table of Contents

Cointelegraph

Other articles published on Oct 31, 2024

Kraken cuts workforce by 15% and appoints new co-CEO

Reddit Sells Majority of Crypto Portfolio, Offloading Bitcoin and Ethereum

Dogecoin Rises with Musk’s D.O.G.E. Plan; Rollblock Eyes TRON

Transak Data Breach Exposes 92K Users: Employee Phishing Attack, Ransomware Group Claims Responsi...

AVCO Signs MOU with CoinNess for Digital Asset Intelligence Collaboration

VanEck invests in Web3 gaming startup Gunzilla

Join our free newsletter for daily crypto updates!