Donald Trump$BTC has intensified his cryptocurrency advocacy as part of his 2024 presidential campaign, proclaiming his goal to become the "crypto president." At a fundraising event in San Francisco, Trump raised $12 million to support his promotional efforts before the November 5 U.S. presidential election. He emphasized the importance of the U.S. being a leader in the crypto industry and criticized the Democratic Party's approach to crypto regulations.$BNB

Some key points from Trump's crypto-related announcements include¹:

- *Crypto Industry Leadership*: Trump stated that the U.S. must not settle for anything less than first place in the crypto industry, highlighting the need for clear rules and regulations to foster innovation and growth.$ETH

- *Regulatory Approach*: The Trump administration has dropped several high-profile lawsuits against crypto firms, including a lawsuit against Binance, signaling a shift towards a more supportive regulatory environment for digital assets.

- *Crypto Adoption*: Trump's pro-crypto stance has led to increased optimism in the crypto world, with some experts predicting significant growth and adoption in the industry.

Additionally, Binance recently celebrated a landmark victory after the SEC dropped its lawsuit against the company, citing a new approach focused on "clear rules of the road" for digital assets rather than aggressive enforcement.²