While the US government opposes cryptocurrencies, a probably new government is becoming a cryptocurrency

One of the "hot" topics today is another attempt by the SEC to prevent the penetration of cryptocurrencies into American society. Therefore, against this background, the news from the presidential candidate Donald Trump sounds especially loud. The outrageous politician has dramatically changed his opinion about crypto-assets and blockchain in general.

Back in 2019, Trump spoke negatively about cryptocurrencies and saw them as a threat to the US economy. During his presidential tenure, he simply ignored these issues. However, a presidential candidate recently spoke out in support of cryptocurrencies. True, against the background of criticism of the policy of his opponent Joe Biden and the actions of his administration, as well as the results of the latest public opinion polls in America. It turned out that a significant part of the potential electorate has already purchased various cryptocurrencies, which means that their feelings can be played on.

Is Donald Trump sincere in his position and should we expect positive developments in the issue of cryptocurrencies in case of his victory? The answer is 50/50, which cannot be considered either positive or negative. Politicians always say only what is beneficial to them at a specific moment in time.

However, Donald Trump has one characteristic that adds to optimism. Not only does he have 431,018 ETH ($1.3M), 374,724 WETH ($1.3M), and $750K in various memecoins — he himself is the TRUMP cryptocurrency, with almost $6 million stored in it! Of course, this is not the largest amount of money for a world-class politician, but the very presence of crypto-assets in Trump demonstrates his loyalty to blockchain technology. I do not provide financial advice to buy TRUMP or vote for a candidate in an election. However, the degree of confrontation between the SEC and numerous cryptocurrencies is increasing, and there can only be one winner in this battle.