With the 2024 US election just a month away, cryptocurrency supporters are closely watching candidates who could help the industry grow. Former President Donald Trump, who has even launched his own cryptocurrency, is drawing attention from key figures in the crypto community.
CryptoQuant CEO Ki Young Ju recently voiced strong support for Trump, suggesting his business sense and interest in digital assets could lead to impactful crypto regulations.
Could Trump’s unique stance drive real change for crypto? Let’s dig to find the answers.
Ki Young Ju believes Trump’s background as a businessman allows him to approach cryptocurrency realistically. His comments at a recent Bitcoin conference and the launch of his own coin highlight both his personal and national interest in the crypto sector.
Unlike other politicians, Trump seems eager to engage in meaningful discussions about crypto regulation, which could lay down essential rules for Web3 growth and curb the issues of unregulated crypto markets.
Ki Young Ju argues that Trump’s involvement in cryptocurrency shows a real commitment, potentially making him an ideal candidate for those who want to see the industry grow within a regulated framework.
CryptoQuant’s CEO, Ki Young Ju, draws a clear line between former President Donald Trump and Vice President Kamala Harris in their approach to crypto. He points out that Harris’s lack of interest could stall crucial regulations, which could, in turn, limit the industry’s growth and progress.
This absence of proper regulations raises concerns about a potential market downturn, reminding many of past crashes that damaged investor confidence.
In contrast, the CEO sees Trump’s active engagement as a positive force. If Trump wins and introduces new regulations, the industry could experience significant growth.
Within one hour after tweeting his opinion on why former President Donald Trump is a better choice for the 2024 election, he deleted it.
In a follow-up message, he explained why he did so.
This quick change shows how difficult it can be for public figures to share political opinions online.
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