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Trump’s crypto gambit in Bitcoin, NFTs and DeFi intensifies ahead of election

Trump and his family’s crypto ventures continue to expand as they aim to attract voters through supporting digital assets.

Former United States President Donald Trump has put his personal brand on a wide range of products, from Trump gold sneakers to Trump Steaks and even a Trump-endorsed Bible.

Now, crypto has allowed the Republican Party presidential nominee to earn money through his personal brand while indicating his commitment to the blockchain industry. 

During his previous presidential term, Trump declared he was “not a fan of Bitcoin and other cryptocurrencies.” 

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6 things the US needs to stay competitive in crypto, according to execs

Elon Musk Says Crypto Can Shift Power From Government to the People, but Denies Discussing Crypto With Trump

Elon Musk Says Crypto Can Shift Power From Government to the People, but Denies Discussing Crypto With TrumpTesla and Spacex CEO Elon Musk has debunked reports claiming that he advised former U.S. President Donald Trump on cryptocurrency. While stating that he is pretty sure he has not discussed crypto with Trump, Musk said crypto can “shift power from the government to the people,” and he is generally in favor of it. Musk: […]

6 things the US needs to stay competitive in crypto, according to execs

US voters across 4 swing states oppose anti-crypto pres candidates: Coinbase

A poll of voters in New Hampshire, Nevada, Ohio and Pennsylvania found 55% would be less likely to vote for anti-web3 presidential candidate, said Coinbase.

Crypto exchange Coinbase says it will focus its "Stand with Crypto" campaign on nine states in the U.S., including four “swing states” with voters polled as less likely to choose anti-crypto presidential candidates.

The four “swing states” include New Hampshire, Nevada, Ohio, and Pennsylvania, which are just some of the states the crypto exchange is set to focus its “Stand with Crypto” campaign, it said in a Sept. 19 blog.

“Polling in the fall of 2022 showed that in the key states of NH, NV, OH, and PA, over half (55%) of voters stated that they would be less likely to vote for candidates who oppose crypto and Web3,” said Coinbase, citing survey data collected in a Morning Consult poll a year prior.

The October-published poll included 800 likely voters across the four states. Between 13-19% of respondents in the four states claimed to own cryptocurrency at the time of the polling.

Percentage of voters in the four swing states that own cryptocurrencies or nonfungible tokens. Source: Morning Consult

Coinbase also cited that in Nevada, Ohio and Pennsylvania in particular, more than 40% of crypto owners use blockchain to remit money overseas to help family members pay for food, housing and health care for far less than what banks typically charge with international wire transfers.

Coinbase attempts to mobilize crypto users

The highlighted research comes amid an ongoing “Stand With Crypto” campaign, a 14-month-long campaign launched by Coinbase in August, pushing for crypto legislation in the country.

Coinbase said the campaign will focus on the four “swing states” but will also include an intense focus on Arizona, California, Georgia, Illinois, and Wisconsin, which have an “over-index” when it comes to crypto owners, it said.

“While a growing number of elected officials in Congress are advocating for legislation to regulate crypto and drive progress in the financial system, others are simply choosing to protect the status quo.

Coinbase is also set to organize a “Stand with Crypto Day” will take place in Washington D.C. on Sept. 27 to advocate for better cryptocurrency innovation and policy.

Related: Coinbase CEO says leaving US ‘not even in the realm of possibility right now’ — Report

The campaign is also encouraging crypto owners and supporters to take a moment to call their members of Congress and ask them to pass clear, sensible legislation.

“Today we kick off this effort by rallying the collective energy of the community, and taking the fight off X (formerly known as Twitter) and on to the phones."

“The campaign will encourage crypto owners and supporters to take one minute of their day to call their member of Congress and ask them to pass clear, sensible legislation,” it added.

Magazine: Binance, Coinbase head to court, and the SEC labels 67 crypto-securities: Hodler’s Digest, June 4-10

6 things the US needs to stay competitive in crypto, according to execs

Crypto Groups on Russian Social Media Hit by Bots Discrediting Bitcoin

Crypto Groups on Russian Social Media Hit by Bots Discrediting BitcoinSocial media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed. Bots Flood Vkontakte Groups With Comments Against Cryptocurrency […]

6 things the US needs to stay competitive in crypto, according to execs

60 Organizations Launch Campaign Urging US Congress to Protect Privacy

60 Organizations Launch Campaign Urging US Congress to Protect PrivacyOn Wednesday, 60 organizations involved in cryptocurrencies, open-source and free software, and human rights and privacy-preserving projects launched a new campaign calling on the 118th U.S. Congress to protect privacy. The groups, including Fight for the Future, Electric Coin Co., and the Tor Project, insist that Congress needs to deliver policies dedicated to standing up […]

6 things the US needs to stay competitive in crypto, according to execs

Georgians Sell Russian Regions as NFTs to Raise Money for Ukraine

Georgians Sell Russian Regions as NFTs to Raise Money for UkraineA tech innovations firm based in Georgia’s capital Tbilisi is now “selling Russia piece by piece” in the form of NFTs. The money from the collectibles, representing almost 2,500 Russian regions, will be used to help rebuild Ukraine, which was invaded by the Russian army two months ago. Georgian Project Auctions NFTs of Russian Land, […]

6 things the US needs to stay competitive in crypto, according to execs

Ukraine Now Takes Polkadot, Says It Will Accept Other Coins Soon

Ukraine Now Takes Polkadot, Says It Will Accept Other Coins SoonHaving already raised millions of dollars in major cryptocurrencies like bitcoin, Ukraine is now receiving donations in polkadot as well. The country intends to expand the list of accepted coins as it increasingly relies on help from the crypto community to fund its defense against Russia. Ukraine Posts DOT Address, Receives First Polkadot Donations In […]

6 things the US needs to stay competitive in crypto, according to execs

Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs  

Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs  Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea […]

6 things the US needs to stay competitive in crypto, according to execs

Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds

Competition and Hype Drive Young Crypto Investors, UK Watchdog FindsA sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out […]

6 things the US needs to stay competitive in crypto, according to execs