Is Trump’s Pro-Crypto Stance a Game Changer for His Campaign?

• Trump plans a fourth NFT collection after previous successes, targeting crypto donations.
• Embraces the crypto industry to compete with China’s advancing influence.

Former President Donald Trump has announced plans to release a fourth NFT collection, as per an interview published Tuesday in Bloomberg Businessweek. Trump highlighted the success of his previous NFT ventures, noting that all 45,000 cards sold out in a day across three separate collections. 

“The whole thing sold out… And I’m going to do another one because the people want me to do another one. It’s an unbelievable spirit. Beautiful,” Trump said.

In May, at a gala for his mugshot NFT holders at Mar-a-Lago, Trump had hinted at another collection but remained non-committal, stating, “I believe in supply and demand… At some point maybe that turns around.”

Meanwhile, Trump’s campaign began accepting cryptocurrency donations in May. According to a Wall Street Journal report, new Federal Election Commission (FEC) data revealed that roughly $3 million of the $331 million raised by Trump’s campaign last quarter came from crypto donations.

“US Should Lead in Crypto Race, Not China” – Trump

Adding to his pro-crypto stance, Trump announced pro-bitcoin senator J.D. Vance (R-Ohio) as his choice for running mate. Prominent figures in the crypto industry, including Kraken co-founder Jesse Powell and Gemini co-founders Tyler and Cameron Winklevoss, have made significant donations to his reelection campaign and related super PACs, such as the new Trump-focused America PAC and the pro-crypto Fairshake PAC.

In his Bloomberg interview, Trump, once a vocal crypto skeptic, expressed his pivot towards embracing the industry: “If we don’t do it, China is going to pick it up and China’s going to have it… China’s very much into it.” He emphasized the need for the U.S. to lead in the global crypto race, stating, “I don’t want to be responsible for allowing another country to take over this sphere.”

Trump described the U.S. crypto industry as having a “good foundation,” despite still being in its infancy. He praised the “top-flight” individuals he has met from the crypto sector at his fundraisers.

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