🔖 Trump plans to release a fourth NFT collection. "We have a good foundation," Trump said about the US crypto industry.
In an interview, Trump also stated that if he wins, he will allow Jerome Powell to complete his term as Federal Reserve Chairman until May 2026.
He believes that the Fed should not lower interest rates before the November elections. The corporate tax has been reduced to 15%, and there are no plans to ban TikTok.
The candidacy of JPMorgan Chase CEO Jamie Dimon for the position of Treasury Secretary is also being considered.
Trump's Fourth NFT Collection: Impact on the NFT Sector
Donald Trump’s announcement of his fourth NFT collection could significantly impact the NFT sector for several reasons:
Increased Interest in NFTs
- A new collection from a high-profile figure like Trump will attract wide attention, including from his supporters and those interested in politics. This can boost overall interest in NFTs and drive demand for digital assets.
Impact on the US Market
- Trump’s assertion that the US has a “good foundation” for the crypto industry could improve investor sentiment. Positive regulatory changes prompted by his statements could strengthen the NFT sector's position in the US.
Stability of the Fed and Interest Rates
- Trump’s remarks about allowing Jerome Powell to complete his term as Federal Reserve Chairman and his belief that the Fed should not lower interest rates before the elections could stabilize the economic environment. This stability may reduce market volatility and create a more predictable environment for NFT investors.
Corporate Tax and TikTok
- Lowering the corporate tax to 15% could stimulate business investment and development, including in blockchain and NFTs. The lack of plans to ban TikTok could also increase the platform's popularity, positively affecting the NFT market given the close ties to social media and cultural trends.