- The assassination of Donald Trump, former U.S. President, was successful.
- Trump-themed memecoin Maga is up by 40.81%.
As the U.S. election approaches in four months, things are getting messy. Since months, many have favored former president Donald Trump as a candidate to assume the office of President. Unfortunately, violence marred his campaign on the 14th of July when an assailant tried to kill him.
A former president of the United States was fired upon during a rally in Pennsylvania. As he spoke to his audience, gunfire broke out.
The Secret Service reacted quickly, and he was rushed off stage. He was covered in blood after the incident on both his head and left ear.
Politicians and the crypto community have had mixed reactions to these events. Crypto analysts and traders, for example. Michael van de Poppe Reacted to the recent news that linked politics with crypto. On page x, he said that.
“Trump pulling his fist after an assassination attempt on him has taken place. The world is falling in pieces. From today on, #Bitcoin has become a political statement, very likely”.
Trump MAGA memecoin soars
Crypto markets also reacted instantly to the event.
Following the attempted assassination, MAGA (the Trump meme coin) surged 40.81% in daily charts.
MAGA’s trading volume increased by 835.1% during the same time frame to $39million. According to the latest data, MAGA’s market capitalization increased by 40% to $385 million, with its current trading price of $8.76. Coinmarketcap.
Coinmarketcap
Trump’s crypto-friendly campaign tour
Trump was once a staunch crypto critic. However, during his tenure at the White House he expressed serious concerns about the currency. He argued that the dollar is only acceptable as a global standard.
Trump has changed his mind and now accepts crypto donations as part of his campaign.
He argued in his latest comments that BTC is a reserve asset and should only be mined within the USA. Trump, should he win the presidential election, will become the first U.S. leader who has a pro-cryptocurrency stance.
Trump’s chances of winning have increased due to the assassination plot that failed. If the current political situation is not changed, the U.S. could have its first crypto-friendly president.
According to Investor WclementeIIITrump’s odds are increasing. On his X Page, he stated that.
“Trump’s odds of winning in November are skyrocketing in prediction markets.”
Source:
Trump criticizes US crypto laws
Biden’s administration ignored calls from the crypto community to prosecute crypto companies more aggressively.
Trump is using this as leverage to get his way. “Biden’s hatred for Crypto.”
In the past three months, Biden has been a vocal critic of his crypto policy.
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Source: ambcrypto.com
