Former President Donald Trump Reveals Plans to Launch a Fourth NFT Collection, Warns Against Losing U.S. Leadership in Crypto to China

YEREVAN (CoinChapter.com) — Former President Donald Trump revealed that he is contemplating launching a fourth non-fungible token (NFT) collection.

Former President Donald Trump has revealed plans to launch a fourth non-fungible token (NFT) collection, following the sell-out success of his “MugShot” series.

In an interview on July 16, Trump said that he is “going to do another one because the people want me to do another one.”

The “MugShot” collection, which was themed around Trump's ongoing criminal indictments, sold out in just one day, despite being initially offered for sale over a one-year period.

“We had one year to sell it out, and it sold out in one day,” Trump stated.

The former president also highlighted the importance of the United States maintaining a leadership role in the cryptocurrency industry and preventing another nation from taking over this sphere.

“It's a baby. It's an infant right now. But I don't want to be responsible for allowing another country to take over this sphere,” Trump said, adding that China is “pretty advanced in that sphere.”

Moreover, Trump noted the shift in attitudes towards cryptocurrency among traditional banking executives, such as Jamie Dimon, CEO of JP Morgan, who was initially very negative about cryptocurrency but has since softened his stance.

“Jamie Dimon was, you know, very negative and now all of a sudden he's changed his tune a little bit,” Trump said.

Dimon had faced criticism from the crypto industry for his harsh words against cryptocurrency at a Senate Banking Committee hearing in December 2023.

“If I was the government, I'd close it down,” Dimon had said at the time.

The interview comes just days after an assassination attempt on Trump while he was speaking at a rally in Butler, Pennsylvania.

On July 14, there was a rapid surge in the Ethereum-based MAGA memecoin following the attempt on Trump's life.

Recently, the memecoin's price spiked from $6.31 to $10.36, with its total market capitalization jumping from $293 million to $469 million in less than 45 minutes.

This incident underscores the volatile and dynamic nature of the cryptocurrency market, especially when linked to high-profile figures like Trump.

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