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Reading: Donald Trump Is About to Make His Mark on US History in the Crypto Space
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EdaFace Newsfeed > Latest News > Crypto News > Donald Trump Is About to Make His Mark on US History in the Crypto Space
Crypto News

Donald Trump Is About to Make His Mark on US History in the Crypto Space

vitalclick
Last updated: October 28, 2024 7:36 pm
5 months ago
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We were talking about how cryptocurrencies affected voter orientation in the South Korean elections. More than a year has passed, and we talked about how cryptocurrencies could be one of the important agenda items in the US elections. And so it was. We saw that the things that were written and drawn last year became reality and even went beyond what was predicted.

US Elections and CryptocurrenciesTrump and Stablecoin

US Elections and Cryptocurrencies

Voters focus on how candidates seeking their votes will change their lives. That’s why candidates go to them with promises. Making things beautiful, bringing new beautiful things into their lives, making their country better and more. cryptocurrencies is also an important agenda item for voters.

So why? Financial motivation is an important thing in politics, as in every business. For this reason, tax cuts, amnesties, etc. come to the fore in every election all over the world. It even determines the outcome of the elections. Millions of Americans investing in cryptocurrencies represent a voting bloc ready with promises such as clearer regulations, lower taxes, and the elimination of oppression.

Trump is also doing his best to swallow this significant slice of the cake. Maybe a permanent Bitcoin by November 5 $68,187 He even gets a tattoo.

Trump and Stablecoin

Some resources before coming to permanent tattoo World Liberty Financial He says his project could issue its own stablecoin. Stablecoins pegged to the US dollar are widely used and store hundreds of billions of dollars of value. Rich Teo, co-founder of Paxos WLFI The fact that he took a managerial position in the project also supports these claims.

Ethereum $2,505 This project, which attracts attention with its plans to create a based lending platform, can of course launch its own stablecoin. Moreover, if he wins the elections, Trump will make history as the first US President to launch his own stablecoin. Such a step would provide much more playing field for cryptocurrencies in the country and help cryptocurrencies grow on a global scale.

While there is only a short time left until the November 5 elections, it will be exciting to see the steps taken as the elections approach. Although Kamala Harris is still ahead in the elections, Trump has not yet played his final trump card.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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