Donald Trump Says Crypto World Will 'Live in Hell' If He Loses Election
Date: 2024-09-18 Author: Oliver Abernathy Categories: IN WORLD
Speaking on Monday at the launch of World Liberty Financial, a crypto platform created by his family, Donald Trump said that the "crypto world" will "live in hell" if he loses the 2024 presidential election to Kamala Harris.
Donald Trump on Cryptocurrencies and World Liberty Financial
The former US president criticized the US Securities and Exchange Commission's (SEC) approach to regulating digital assets through heavy-handed enforcement, calling the federal agency's strategy "extremely hostile."
"The SEC is incredibly hostile," Trump said, commenting on the commission's attitude towards American crypto entrepreneurs.
“If for some terrible reason we don’t win the election, those people who were under investigation and are now free as birds, the people who were under scrutiny in the crypto world, they’re going to live in hell because it’s going to start the day after the election if they win,” he said.
Speaking live on X from his Mar-a-Lago mansion, Trump addressed listeners just a day after he reportedly survived his second assassination attempt in two months.
“The Secret Service immediately recognized that they were bullets and they grabbed me,” he told listeners on Monday.
His comments come at a critical time for both the political and cryptocurrency industries, as Trump and Harris lead a polarized political debate ahead of the 2024 election, the outcome of which could significantly impact the blockchain industry.
During the campaign, Trump repeatedly expressed strong support for the crypto sector, recently promising to make the United States the “crypto capital of the planet” if elected.
Will Kamala Harris reveal her crypto plans?
The launch of World Liberty Financial, a new crypto project by his sons Donald Jr. and Eric, could further strengthen his ties to the crypto industry.
“I think cryptocurrency is one of those things that we have to do,” Trump said. “Whether we like it or not, it’s something we have to do.”
On the other hand, Kamala Harris has yet to reveal specific plans for digital assets, although her campaign website outlines her positions on various policy issues.
Crypto enthusiasts have expressed concern that her close ties to the SEC-friendly Biden administration could negatively impact her relationship with the digital asset industry.
