Donald Trump is one of the favourites for the upcoming US presidential election, which will be held on November 5. With the vote approaching, Trump is trying to gather as many votes as possible, emphasising digital asset owners among others. There are already several tens of millions of them in the US, which is a significant enough force to influence the outcome of the election.

According to users of the decentralised platform Polymarket, now the chance of Trump to win is just slightly ahead of the corresponding figure of Kamala Harris. We are talking about the mark of 50 and 49 per cent respectively.

Current odds of victory of the US presidential candidates on the Polymarket platform

We are talking about a platform that allows you to bet on a certain event in the future using cryptocurrency. For example, the current chance of Donald Trump is estimated at 50 per cent. This means that if the politician wins the election, buyers of the corresponding "stock" in support of Donald will double their money. At the same time, in case of defeat, the money will be lost - this is exactly how this platform works.

Polymarket is considered one of the main hits of the current stage of growth of the cryptocurrency industry because of the serious activity of users. For example, yesterday it became known about adding data from this platform to Bloomberg Terminal, which is used to monitor and analyse information about financial markets.

The information from Polymarket there looks as follows. And this is another recognition of the potential of blockchain platforms and the cryptocurrencies used in them.

Data from the Polymarket platform in Bloomberg Terminal

What will happen to cryptocurrencies under Trump

On his Twitter page, Trump posted a short video that was accompanied by the following announcement.

Today I’ll get into outlining my plan to ensure that the United States becomes the crypto capital of the planet.


It's too early to even talk about potential US leadership in this area. Still, the country lacks adequate regulation of digital assets, and the Securities Commission operates on an enforcement basis. This means that it sues various companies on the basis of invented arguments and levies fines on them, but it does not create any new framework of legislation to clarify what is happening for other representatives of the niche.


SEC Chairman Gary Gensler

Trump’s sons, Donald Trump Jr. and Eric Trump, released a teaser of the announcement the day before. It seems they were thorough in their approach to stirring up the hype.

Still, about an hour before Trump published his tweet, the following warning appeared on World Liberty Financial’s Telegram feed.

We have become aware of some promotional posts circulating on Telegram. They promote fake airdrops or token sales on our behalf. We are not currently running any such campaigns.

Former US President Donald Trump

On 27 July, Donald Trump spoke at the Bitcoin 2024 cryptocurrency conference held in Nashville. During the speech, the politician also promised to give the US primacy in many areas of the crypto market. In addition, Donald stated the need to release Ross Ulbricht, the creator of the famous darknet platform Silk Road.

Note that the US at the moment already has leadership in many things that concern crypto. For example, the launch of US spot ETFs based on Bitcoin earlier this year led to a massive bullrun in the main cryptocurrency and its new price record of $73,777.

To make matters worse, the United States is where much of the processing power of Bitcoin miners is concentrated. According to The Block’s sources, the country has become the first in this metric after China’s mining ban, which is not really complete.

Another recently launched Trump initiative is a new series of self-branded NFT cards. Shortly after its release, it has already generated about $2.2 million in sales revenue for The Donald, Cointelegraph reported.

The number of Trump’s fourth series of digital cards released

According to Polygonscan, the collection had 22,360 tokens and 1,210 holders. At $99 per coin, the NFT series recorded about $2.2 million shortly after launch.

While Trump continues to make millions from NFT, some members of the Twitter community have criticised the former president’s actions. One commenter on Twitter said that the new NFT series shows Donald’s “feigned desire” to please investors in order to earn electoral votes. Another user also called the endeavour a “fraud.”

Reaction from haters to Trump’s NFT

That said, some experts speculate that the release of Trump’s fourth NFT collection was the reason the US Securities and Exchange Commission (SEC) sent Wells’ notice to trading platform OpenSea. However, previous series of unique tokens from the politician somehow did not cause problems for the various platforms where they were traded.

On 28 August, OpenSea CEO Devin Finzer announced that the company had received a document from the SEC stating that unique tokens on the platform could qualify as unregistered securities. Given the timing and the fact that most of Trump’s NFTs are available on the platform, a connection is being sought between the two events. However, it seems unlikely for now.

Trump’s potential election victory should bring with it drastic reforms within the SEC. Still, the politician has already promised to fire the current chairman of the Securities Commission Gary Gensler, who actively fights against the coin industry and does not let it develop normally on the territory of the United States. Moreover, Donald should do this on the first day of his new powers in case of victory.


Apparently, Trump's current comments were part of an advertising campaign designed to help his sons. However, there is still hope for an improvement in the actual regulation of crypto. It will become a reality if Donald wins the election and realises his major campaign promises.


Look for more interesting things in our crypto chat room of millionaires. There we discuss current news from the world of blockchain platforms and at the same time try to take as much as possible from the continuation of the upcoming bullrun.