Former President Donald Trump hosted an event for holders of the Trump Cards NFT Gala, expressing his support for cryptocurrencies and announcing plans to accept digital asset donations for his potential re-election campaign.
Following his statements, a Trump-inspired MAGA memecoin surged by over 40%, becoming the top performer on CryptoSlate’s list of gainers.
Trump criticized the Biden administration's approach to crypto and promised a friendlier regulatory environment if he returns to office.
Speculation has arisen on how a potential Trump presidency could benefit crypto, with suggestions that it could offer viable alternative investment avenues.