DIGIVESTASI - Donald Trump Supports Crypto Industry and Announces Pro-Crypto VP Candidate. 2024 U.S. presidential candidate Donald Trump has expressed strong support for the crypto industry as a major focus of his campaign. Trump proposed that crypto mining should thrive in the United States, given the potential for China to dominate this sector. In an interview with News.bitcoin.com on Friday (July 19, 2024), Trump stated, “If we don’t act, China or another country, most likely China, will take over. China is very interested in this.”

Trump also emphasized that if America does not seize this opportunity, crypto advancements will occur in other countries, especially China. “What I want is what’s best for our country,” Trump added in an interview with Bloomberg.

The former U.S. President also discussed his collection of non-fungible tokens (NFTs), most of which were paid for with cryptocurrency. “About 80% of the payments were made in crypto. That’s amazing,” he said, revealing that his NFTs were highly successful, with all cards sold out within a day.

Donald Trump Chooses JD Vance as Pro-Crypto Vice Presidential Candidate

Donald Trump has announced Ohio Senator JD Vance as his vice presidential candidate for the upcoming election. Leading up to this decision, traders on the crypto betting site Polymarket estimated a 70% chance of Vance winning the nomination. Vance, known as a pro-crypto senator, has disclosed holding over $100,000 in cryptocurrency.

The collaboration between Vance and Trump, who has also adopted pro-crypto views, is expected to push for pro-bitcoin policies and facilitate industry innovation in the U.S. Blockchain researcher at Amberdata, Pat Doyle, mentioned that the market shows strong confidence in Trump’s prospects for the upcoming election. Vance, also a member of the Senate Banking Committee, is seen as providing a positive sentiment for crypto.

Republican Party Adopts Crypto Innovation Platform for 2024 U.S. Presidential Election

Under Donald Trump’s leadership, the Republican Party has officially launched a crypto innovation support platform ahead of the 2024 U.S. presidential election. The platform document released by the Republican National Committee outlines their priorities regarding cryptocurrencies, including a suspension of the crackdown on crypto and a rejection of Central Bank Digital Currencies.

The document reaffirms the Republican Party’s commitment to supporting Bitcoin mining rights and protecting crypto transactions from government surveillance. Although the platform lists 20 “promises” of policy without specific items for crypto, digital assets are included in the economic section under innovation initiatives.

Trump, who was previously skeptical of crypto, now shows strong support for digital assets through the launch of NFTs and acceptance of crypto donations in his campaign.

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