U.S. Representative Tom Emmer (R-MN) says the crypto sector will benefit from a second Donald Trump presidency.

Trump has already been exploring non-fungible tokens (NFTs), but stated that he was “not a fan of Bitcoin,” calling it “highly volatile and based on thin air.”

Still, some lawmakers speculate that a Trump victory in the upcoming 2024 presidential election could propel Bitcoin (BTC) to new price highs.

Emmer foresees Trump’s influence on Bitcoin prices

Politico is reporting that pro-crypto congressman Emmer envisions a regulatory environment conducive to the overall crypto sector, if the former president makes a comeback to the White House.

Emmer, a Trump ally who advocates for cryptocurrencies, announced in January that he officially endorses Trump in the 2024 Republican presidential primary. That’s even though Trump helped deter Emmer’s bid for the House Speakership.

Trump has expressed strong skepticism towards Bitcoin (BTC) and other cryptocurrencies, citing concerns about their volatility and potential for facilitating unlawful activities.

But, post-presidency, he has ventured into the crypto space by launching three NFT collections.

The most recent, called the Mugshot Edition, was unveiled in December. His initial NFT collection featured digital cards portraying various aspects of his life, while the second, released in April last year, coincided with him facing 34 felony counts.

An analysis of blockchain data reveals that Trump has recently liquidated Ethereum (ETH) valued in the millions, proceeds from his NFT sales.

Brian Brooks, previously the chief

Go to Source to See Full Article
Author: Ogwu Osaemezu Emmanuel

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details