Trump Promises 4th NFT Collection, Calls Crypto “Infant Baby”
Donald Trump teased a follow-up to last year’s Mugshot NFT collection.
Calling crypto a “baby,” Trump says that the U.S. should take the lead.
The candidate’s running mate, J.D. Vance, is considered a crypto whale.
Just four days after the assassination attempt on Republican Presidential Candidate Donald Trump, new details were revealed about Trump’s upcoming NFT ventures. For the uninitiated, a non-fungible token is a sort of digital collectible that lives on-chain and usually features a digital relic, such as a visual or a soundtrack.
Donald Trump on NFTs: “People Want More”
In an elaborate interview for Bloomberg Businessweek recorded at Mar-a-Lago, Trump discusses crypto legislation, the success of his first three non-fungible token (NFT) collections, and the imminent launch of a new one.
Referring to his first three NFT collections, the former president was happy with the results: “I’m going to do another one because the people want me to do another one. It’s unbelievable spirit. Beautiful.” Trump revealed that a Mugshot NFT follow-up, the collection made right after being indicted, is going live in the near future. Sponsored
One of the key arguments for further embracement of blockchain technology in the United States is the competition with China, Trump explains. “if we don’t do it, China is going to pick it up and China’s going to have it – or somebody else, but most likely China. China’s very much into it.”
Trump went as far as to say that the crypto sector is still “a baby,” adding that “it’s an infant right now,” and he does not want to be held responsible for allowing any other countries to take over due to negligence in legislation.
Crypto Gets Entangled in Trump’s Campaign
In recent weeks, the crypto industry has extended support for Trump’s campaign in several ways. Major crypto figures like Kraken’s founder Jesse Powell and Gemini’s Winklevoss brothers have donated millions of dollars to his cause. Sponsored
Trump began accepting crypto for political donations in May 2024. Previously an absolute skeptic of blockchain technology, he completely switched his stance and oversaw a $12 million fundraiser in an IT-focused campaign last month.
Yesterday, Trump’s pro-crypto outlook was further strengthened by his choice of Vice President in J.D. Vance, which immediately caught the attention of the crypto community. “He’s a degenerate piece of **** like us,” uttered Alex Becker, a renowned crypto investor with over a million followers on X.
Other popular crypto figures, including YouTuber That Martini Guy, share the sentiment. With Vance’s experience as a crypto whale, the crypto crowd on X expects more enthusiasm in implementing crypto legislation around the country, which would have an immediate impact on the global financial landscape.
On the Flipside
The NFT sector has been in a heavy recession since mid-2022, struggling to generate billions of revenue as it did in 2021.
Due to an oversaturated market, a staggering 95% of non-fungible assets become worthless over time, according to Invezz.
Why This Matters
Political leaders stepping into the crypto ring can assist in setting up a clear legislative agenda for the sector.
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