Former U.S. President Donald Trump’s on-chain cryptocurrency holdings have exceeded the $10 million mark. The surge was primarily pushed by a big rise within the worth of the MAGA (TRUMP) meme coin. According to Trump’s portfolio, he has invested over $7 million within the TRUMP coin.
Donald Trump’s Crypto Holdings
As of this morning, Trump’s digital belongings portfolio has been bolstered by a notable enhance within the value of TRUMP coin. According to Arkham Intelligence, Trump presently holds $7.3 million value of MAGA crypto
Hence, the overall crypto holdings within the US presidential candidate’s portfolio quantities to $10.14 million. Moreover, Ethereum (ETH) is second within the listing of Trump’s crypto investments with $1.81 million invested. However, the pro-crypto presidential candidate hasn’t invested within the largest cryptocurrency, Bitcoin (BTC).
Whilst, his curiosity within the TRUMP coin, which is a political meme coin based mostly on Solana, suggests his tactic to advertise himself throughout the crypto neighborhood by way of this holding. The Republican presidential candidate strengthened his dedication to defending the crypto sector, promising to nurture a strong crypto setting within the US.
In a speech delivered in Washington D.C. on Saturday, May 25, Trump vowed to take all obligatory actions to safeguard the way forward for digital currencies. This assertion follows carefully after the previous President’s latest announcement that he would settle for cryptocurrency donations.
During his deal with on Saturday, Trump assured that Bitcoin and different cryptocurrencies would stay a key a part of the U.S. monetary system. Moreover, he burdened his help for the precise of people to carry and handle their very own digital belongings. He mentioned, “I will support the right to self-custody.”
Trump additionally criticized Senator Elizabeth Warren and her regulatory initiatives. In addition, he said, “I will keep Elizabeth Warren and her goons away from your Bitcoin.” Trump additional promised his viewers that he would by no means allow the institution of a central financial institution digital forex.
Robert F. Kennedy Jr Issues Scathing Critique
On the opposite hand, Robert F. Kennedy Jr. lambasted Trump, accusing him of failing to ship on key guarantees and as an alternative advancing insurance policies that benefited the rich and highly effective. “President Trump scammed American workers,” Kennedy asserted. Moreover, he highlighted unfulfilled guarantees to “bring back manufacturing, raise wages, fix trade deals, close the carried interest loophole, and help small farmers.”
Kennedy, one other pro-crypto presidential candidate, argued that Trump’s achievements primarily aligned with the Republican institution’s pursuits. “We got a tax cut for Jeff Bezos, deregulation for special interests, and giveaways to agriculture conglomerates,” he said. This underscores the administration’s favoritism in direction of massive enterprise.
RFK Jr. additionally criticized Trump’s appointments, noting his Interior Secretary was an “oil & gas lobbyist,” the Defense Secretary a “Raytheon lobbyist,” and different key positions held by people with ties to main industries. Additionally, he identified that Trump’s help for farmers disproportionately benefited “Big Ag conglomerates” quite than small farmers.
Kennedy additional condemned Trump’s dealing with of home unrest and overseas coverage, accusing him of inflaming racial tensions and exacerbating worldwide conflicts. He additionally blamed Trump for the financial fallout from COVID-19 lockdowns and for worsening the opioid disaster. “If you think a second Trump term would be any different, you are engaging in wishful thinking,” Kennedy concluded.
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