Former US President Trump is developing much closer ties with cryptocurrencies ahead of the upcoming November elections. With his own DeFi project and ambitious predictions about crypto, we will see something new in the coming hours. Trump is talking about a plan to turn the country into the world’s crypto hub.
Trump and Cryptocurrencies
Cryptocurrencies have faced and continue to face tough times under regulatory pressure in the US. Trump is working on a plan to end all this chaos and regulate cryptocurrencies. He has already announced a significant part of his promises. These promises include many things, such as the immediate dismissal of the SEC Chairman. His (video) post today is as follows;
“This afternoon (US time), I will announce my plan to make the United States the crypto capital of the planet.”
In the post, he also tagged the DeFi project World Liberty Financial, supported by his sons. This project is an effort to turn the foundations of the DeFi story into a political slogan. Under headings such as people’s participation in finance and freedom, we can see things about how this project will be supported if it wins the elections. BTC price reached its daily peak at $60,841 with the announcement.
