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Trump Leverages Crypto Platform in Final Campaign Days

Barbara Streisand
Barbara StreisandOriginal
2024-11-01 09:40:17752browse

The United States presidential election is less than a week away, and many voters are casting their ballots early. Republican candidate Donald Trump used social media to remind voters of his platform's stance on cryptocurrency.

Trump Leverages Crypto Platform in Final Campaign Days

As Election Day nears, Donald Trump is ramping up his efforts to woo crypto supporters, announcing a sweeping Bitcoin agenda that includes keeping BTC mining in the United States and challenging Kamala Harris's stance on crypto. Voters in key states are preparing to weigh in.

Trump Highlights Crypto Platform in Final Campaign Days

The United States presidential election is less than a week away, with many voters already casting their ballots early. Republican candidate Donald Trump took to social media to highlight his platform’s stance on cryptocurrency.

Trump urged his nearly 8 million followers to vote for him in the 2024 election in posts shared on Truth Social and X on October 31. He vowed to have all Bitcoin “MADE IN THE USA” if he is elected.

A Contentious Crypto Stance Resurfaces

In his post, Trump wished the Bitcoin white paper a “Happy 16th Anniversary” and vowed to put an end to U.S. Vice President Kamala Harris’s “war on crypto”—a claim that comes despite Harris’s campaign promise to support the crypto industry if elected.

According to polls in October, Trump and Vice President Harris were locked in a tight race in key states that will determine the outcome of the Electoral College vote. Early voting in Georgia, Texas, Arizona, parts of Idaho, Utah, and Nevada will end on November 1, although several states will continue to accept early ballots up until Election Day, November 5.

A Shift in Stance: From Bitcoin Critic to Promoter

During his presidency, Trump called Bitcoin a “scam” in 2021 and claimed it was based on “thin air.”

However, his 2024 campaign has seen a significant shift in stance, with promises that could impact the industry, such as pardoning Silk Road founder Ross Ulbricht, banning the government from creating a central bank digital currency (CBDC), and limiting all remaining Bitcoin mining to the United States.

Surge in Crypto Disinformation as Election Day Approaches

As the election nears, false information about the presidential candidates and their positions on blockchain and cryptocurrency has been circulating widely on social media, Cointelegraph has reported.

On October 30, MicroStrategy executive chairman Michael Saylor falsely claimed that Trump had proposed eliminating crypto capital gains taxes in an interview that never occurred. Saylor shared the statements on X, and the claims remained up at the time of this writing, with crypto advocate Anthony Pompliano sharing it on LinkedIn.

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