In his newest set of nonfungible tokens, Donald Trump includes a picture of himself holding a bitcoin BTCUSD 0.45% logo. This is the latest sign that he’s using cryptocurrency to appeal to voters as he runs for president again in November.
A big issue in the 2024 election is how to handle cryptocurrencies. Trump is now supporting a business he used to call a “scam.” According to the chief policy officer of cryptocurrency platform Coinbase, Vice President Kamala Harris’s team has recently talked with some people in the business. This comes at a time when people think Democrats are against crypto.
The 50 NFTs in Trump’s new collection, which is the fourth of its kind, cost $99 each. Others show Trump as a fighter, with American flags all around him or wearing gold sneakers. The former president has made more than $7 million from collecting NFTs three times before.
Chris Matthews of BourseWatch reported earlier this summer that Trump’s change of mind on crypto came at a time when it looked like elected officials saw resistance to crypto as a political liability. In May, the House of Representatives decided to pass a regulatory bill backed by business. The bill had strong support from both parties.
Supporters of crypto have long been unhappy with the Biden-Harris administration’s handling of the currency. One big problem is that the SEC wants crypto issuers to register with them in the same way that public companies that issue stock do. The crypto industry says this is impossible to do.
Faryar Shirzad, the chief policy officer for Coinbase, wrote on social media last week that he liked how the Harris effort was “constructive” with the industry.
Trump’s latest NFT sale was criticized by the vice president’s campaign. In a post on X, a spokesman said, “Kamala Harris is fighting to lower costs, protect our freedoms, and unite America around shared values.” There are digital trade cards of Donald Trump for sale. No, really. He is, really.
