Analysis: Trump's support for cryptocurrencies a key factor in his 2024 presidency

Odaily News Chris LaCivita, co-manager of Trump's campaign, said at the Coinbase Crypto Summit that Trump's support for cryptocurrency has become a key factor in his successful inauguration in 2024. LaCivita pointed out that the issue of cryptocurrency has helped the Republican Party attract voter groups that have traditionally leaned toward the Democratic Party, including African Americans, Asian Americans and young voters. Data shows that 28% of Asians and about 20% of African Americans hold cryptocurrencies, far higher than the 14% of white people. The Trump administration has written crypto-friendly policies into the Republican platform, promising to protect Bitcoin miners and ban central bank digital currencies. At the same time, political action committees backed by Coinbase and Ripple Labs have invested more than $200 million in the 2024 election, boosting the influence of crypto assets in American politics. (Decrypt)