In a bid to garner support and donations from the digital asset sector, former President Donald Trump is presenting himself as the crypto-friendly candidate. Trevor Traina, a tech executive, revealed to Reuters that Trump proclaimed himself as the “crypto president” at a recent fundraiser in San Francisco. Traina, who previously served as the US ambassador to Austria during the Trump Administration, shared this insight.

Despite his past hostility towards the digital asset sector, such as directing then-Treasury Secretary Steven Mnuchin to “go after Bitcoin [for fraud]” in May 2018, Trump has lately shown a change of heart. He once declared in an interview that he did not own any cryptocurrencies and considered them a potential disaster. However, in recent years, Trump has been making efforts to align himself with the crypto industry as a way to distinguish himself from the Biden Administration, which some crypto stakeholders perceive as unfriendly towards digital assets.

In a surprising move, Trump launched a collection of non-fungible tokens (NFTs) on the Ethereum-based platform OpenSea in December 2022, shortly after announcing his intention to run for the 2024 presidential election. A financial disclosure from last year revealed that the former president held a cryptocurrency wallet with holdings valued between $250,001 and $500,000.

During a gathering with supporters who purchased his NFTs, Trump expressed his acceptance of digital assets, stating that he is “fine” with them. Subsequently, his campaign announced that they would be accepting crypto donations for the upcoming 2024 election. Despite these efforts, Trump has faced legal challenges, having been convicted of 34 felonies by a jury of 12 New Yorkers.

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