In a notable statement on his self-owned social media platform, Truth Social, former US President Donald Trump has publicly declared his support for the digital asset industry. Trump's announcement underscores his positive stance on cryptocurrency and his vision for the United States to lead in this emerging field.

In his post, Trump emphasized his openness and optimism towards cryptocurrency companies and the burgeoning digital asset sector. He expressed a clear belief that the United States must strive to be a global leader in this industry, stating, "I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field. There is no second place."

Trump's remarks, shared on X (formerly Twitter) by Ryan Selkis, Founder of blockchain research firm Messari, also included a critique of incumbent President Joe Biden. Trump accused Biden of opposing the cryptocurrency industry and pledged that his administration would adopt a different approach to foster its growth. He asserted, "Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it (crypto industry) to die a slow and painful death. That will never happen with me."

These comments align with Trump's historical inclination towards supporting the digital asset industry, which has been embroiled in regulatory challenges under the current US administration. Trump's advocacy for cryptocurrency is not new; shortly after announcing his presidential candidacy in 2022, he launched a limited edition of 44,000 non-fungible tokens (NFTs), featuring himself in various roles such as a sheriff and an astronaut. The NFT collection sold out in less than a day, generating approximately $4.4 million.

In a further demonstration of his support, Trump's campaign has recently begun accepting donations in multiple cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and USD Coin (USDC). These actions, coupled with his recent statements, underscore his commitment to the digital asset industry, which could play a pivotal role in the upcoming elections.

According to data from Triple-A, there are 46 million active adult crypto users in the United States, a significant voter base that could influence the election outcome, especially amidst ongoing regulatory uncertainties and crackdowns on the US crypto sector.

The current US government appears to be shifting its stance on cryptocurrency. This change is evidenced by the sudden approval of Ethereum ETFs by the US Securities and Exchange Commission (SEC), contrary to general market sentiment. Additionally, the US House of Representatives recently passed the Financial Innovation and Technology for the 21st Century Act (FIT), despite opposition from the White House. The lack of a veto threat suggests political maneuvering aimed at gaining favor in the upcoming elections.

Trump's vocal support for the cryptocurrency industry highlights a key issue that could sway voters, particularly those involved in the digital asset space, as the 2024 presidential race approaches.