Trump defends crypto legislation at private event featuring boxer Mike Tyson, Tether CEO
President Donald Trump, at a Mar-a-Lago gathering of investors in his self-branded memecoin, said crypto is mainstream and banks should back off the industry's bill.
The endorsement of crypto by a high-profile figure like Trump may lead to increased investor interest and potential price rallies in the crypto market. However, the lack of specific asset mention means the impact may be more generalized.
President Donald Trump, at a Mar-a-Lago gathering of investors in his self-branded memecoin, said crypto is mainstream and banks should back off the industry's bill.
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