US Presidential candidate Donald Trump showed his support for cryptocurrency at a special event for Trump NFT holders held at his Mar a Lago resort in Florida. Trump voiced concerns about crypto companies leaving the US due to negative attitudes towards cryptocurrency. He emphasized the importance of allowing these companies to operate within the country if the US intends to embrace this digital currency trend.
Additionally, Trump mentioned his openness to receiving campaign contributions in Bitcoin and other digital tokens. Analysts have suggested that the November US Presidential election could have positive implications for Bitcoin as more people are taking to crypto. In contrast, the former US President took aim at the chair of the US Securities and Exchange Commission (SEC). Hammond, who serves as government relations director at the Blockchain Association, drew connections between the Mar a Lago gathering and a resolution passed by the US House denouncing SEC policies related to crypto banking.
Amidst all the political and electoral scrutiny, the TRUMP tokens are doing exceptionally well in the crypto market. Active community involvement has had a major impact on the success of MAGA VP MVP. The token is currently on 4 chains including Solana, BNB and BASE chains and listed on 12 CEXs to engage a broader audience of crypto enthusiasts. Currently, MAGA VP has seen a 43% increase in its value in just 24 hours, standing at $0.21, as of 10th May.