Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

US Presidential candidate Donald Trump is open minded to cryptocurrency, supports right to self custody

Source Fxstreet

US Presidential candidate Donald Trump embraces crypto, says he is open-minded towards crypto companies.
Trump says that US must be the leader in the field and there is no second place, in his post on Truth Social.
Trump says he will support the right to self custody for the country’s 50 million crypto holders.

US Presidential candidate Donald Trump shared positive views on crypto, posting on social media platform, “I am very positive and open minded to cryptocurrency companies and all things related to this new and burgeoning industry.”

Crypto has emerged as a key topic in the upcoming presidential election in the US with Trump expressing his support for self custody.

Donald Trump addresses pro-crypto voters on social media

Per a report from Washington-based Politico, crypto is used by a fraction of the voters in America. Despite this it has an outsized impact on US politics. Cryptocurrency firms and groups are preparing to spend over $80 million in 2024 elections, per the report.

The Federal Reserve’s May 2024 report on “Economic Well-being of US households” shows that only 7 percent of adults held or used cryptocurrency in 2023, a decline of 5 percentage points from 2021.

US Presidential candidate Trump posted on his Truth Social account,

I am very positive and open minded to cryptocurrency companies and all things related to this new and burgeoning industry. Our country must be the leader in the field and there is no second place.

Trump supports US voters’ right to self custody of crypto and has taken a pro-crypto stance in the elections, per his posts on social media, and his statements when addressing rallies.

The Polymarket prediction platform shows that there is 56% chance of former President Trump winning the US election.

US Presidential campaign

US Presidential campaign bet on Polymarket

With a crypto bill FIT21 being passed in one House of the Congress and crypto’s dominant role in the Presidential elections, it remains to be seen how Securities and Exchange Commission’s (SEC) lawsuits against Ripple and Coinbase will end.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 26, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.

Author Mitrade

Yesterday 01: 52

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.

Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judge Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Author Irene Q.

Yesterday 05: 32

Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Gold breaks $4,000 as oil becomes the inflation problem — $3,943 is the line that matters Spot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.

Author Irene Q.

Yesterday 06: 41

Spot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.

Bitcoin Price Forecast: Drops Below $80,000 in Fifth Straight Loss, May Test $75,000 as FOMC Meeting Approaches Bitcoin falls below the $80,000 mark as the October FOMC decision approaches, threatening a further dip toward $75,000.On October 26, Bitcoin (BTC) again lost the key psychological mark o

Author TradingKey

Yesterday 10: 10

Bitcoin falls below the $80,000 mark as the October FOMC decision approaches, threatening a further dip toward $75,000.On October 26, Bitcoin (BTC) again lost the key psychological mark o

Popular Symbols