Former US President Donald Trump expressed his love and support for cryptocurrencies this week after being spotted at a crypto-friendly bar, PubKey, in New York.
The Republican presidential candidate reportedly paid for his burger using Bitcoin.
Trump Buys Bitcoin at NYC Bar, Backs Crypto
The event made Trump the first former US president to purchase Bitcoin. Videos from Fox show Trump heading into the bar. Bitcoin and cryptocurrencies have been a huge part of Trump’s campaign to return to the White House.
His trip to PubKey came days after his speech supporting World Liberty Financial, a crypto project Trump is said to be heavily involved in. Interestingly, Trump previously held negative views about cryptocurrencies. But has since made a drastic change during his campaign. The former US president famously appeared at the Bitcoin Conference in July and supported Bitcoin miners.
WATCH: 🇺🇸 DONALD TRUMP MAKES FIRST #BITCOIN TRANSACTION AT NYC BAR pic.twitter.com/rAjae6agH1
— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024
While most crypto executives back the former President, Kamala Harris appears to have secured a stronger presence at the polls since the debate earlier this month. According to Forbes, Harris made a strong impression during the debate, but the election is still weeks away, leaving room for possibilities.
US Election Could Bring a Turning Point for Crypto Industry
The US has seen significant progress in its embrace of digital assets. However, compared to other major economies, the US has a long way to go before becoming a major player in the industry. The Biden administration was largely seen as antagonistic to the industry. Under this administration, the SEC took several enforcement actions against major crypto firms.
NEWS: VP Harris says at a fundraiser on Wall St. that she “will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
— Jennifer Epstein (@jeneps) September 22, 2024
As a result, most crypto companies looked to operate overseas, in regions with warmer policies. However, the coming election could be a game-changer for the industry. Both major candidates have expressed interest in the industry. Regardless of who comes out on top in November, the election could mark the start of better times for crypto in the US.
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