Here’s Why Donald Trump Is Driving the Crypto Surge of 2024
Zafar Naik19 Jul 20242 min read
One major reason for the growing love for crypto in the US is presidential candidate Donald Trump. Even the Telegram tap-to-earn game, Hamster Kombat, hasn’t escaped this Donald phenomenon. The game has launched a new high-performance special card themed around a brutal failed assassination attempt on Donald Trump.
The card is named FIGHT-FIGHT-FIGHT, featuring an injured hamster showing its power, just like Donald Trump. In just three months, Hamster Kombat has gathered over 250 million players.
Crypto Gets Love!
The increasing affection for crypto in the US is evident not only among the crypto community but also within administrative authorities. As reported in a previous article, the SEC recently closed a three-year-old investigation into Hiro Systems without any result. Moreover, just a day before, the SEC also ended its investigation against stablecoin issuer Paxos and its BUSD.
No one expected such steps from the SEC, known for its multiple investigations and legal suits against various crypto tokens and companies. One notable case is SEC vs. Ripple, which experts believe may conclude in Ripple’s favor by July.
The SEC’s Surprising Shift
The closure of long-standing cases by the SEC and judges favoring crypto in some decisions indicate a rising influence of pro-crypto leaders in the US. With the US presidential elections set for November 2024, these developments bring waves of happiness to the entire crypto world. Donald Trump has expressed his vision of making the US a crypto-powered country. He recently announced the launch of his 4th NFT edition.
According to him, if the US doesn’t embrace crypto, China will, and he won’t let that happen.
What Lies Ahead for Crypto?
All these factors clearly demonstrate that Donald Trump’s pro-crypto stance is benefiting the entire ecosystem, whether it’s Bitcoin or the tap-to-earn Hamster Kombat game. Everyone is waiting for the elections to see who wins the battle and what it will bring to the crypto world.
As the 2024 elections loom, all eyes are on Trump and his crypto ambitions. Will the US embrace a digital future, or will the world’s crypto crown slip away to China? Stay tuned!
