{"id":20062,"date":"2024-05-09T08:30:38","date_gmt":"2024-05-09T08:30:38","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20062"},"modified":"2024-05-09T06:14:49","modified_gmt":"2024-05-09T06:14:49","slug":"trump-claims-credit-for-nft-boom","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/","title":{"rendered":"Trump Claims Credit for NFT Boom"},"content":{"rendered":"<p>The statement from his lips while hosting a crowd of non-fungible token lovers at his Florida residence shook the whole cryptocurrency market. <strong>Trump<\/strong> took advantage of his bold and vocal style to show his support for <strong>NFT<\/strong> and snubbed a meme coin that was associated with his political rival, Joe Biden.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#Trumps_Views_on_Crypto_Regulation_and_NFTs\" title=\"Trump&#8217;s Views on Crypto Regulation and NFTs\">Trump&#8217;s Views on Crypto Regulation and NFTs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#Trumps_Critique_of_Bidens_Meme_Coin\" title=\"Trump&#8217;s Critique of Biden&#8217;s Meme Coin\">Trump&#8217;s Critique of Biden&#8217;s Meme Coin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#Trumps_Evolving_Stance_on_Bitcoin_and_Digital_Currency\" title=\"Trump&#8217;s Evolving Stance on Bitcoin and Digital Currency\">Trump&#8217;s Evolving Stance on Bitcoin and Digital Currency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#Trumps_Continuing_Legal_Battles_and_Crypto_Influence\" title=\"Trump&#8217;s Continuing Legal Battles and Crypto Influence\">Trump&#8217;s Continuing Legal Battles and Crypto Influence<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Views_on_Crypto_Regulation_and_NFTs\"><\/span>Trump&#8217;s Views on Crypto Regulation and NFTs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At the gathering, Trump expressed his willingness to openly tolerate digital currencies in terms of what he sees as the present administration&#8217;s dislike of them. &#8220;<strong>I&#8217;m good with&#8221;it&#8221;<\/strong>\u2014he promised the audience that they were his support group for favorable regulation and had to be American innovators in this place.<\/p>\n<p>Answering the question about combating regulatory constraints, he said that, to some extent, this will require reducing the unfriendliness of the crypto industry, which will contribute to the development and prosperity of the country. He believed, &#8220;If we are going to coexist with them, we have to guide them to survive here.&#8221;<\/p>\n<p>Trump also shared that he played a key role in the <a href=\"https:\/\/coinengineer.net\/blog\/mev-bots-surge-on-solana-network-as-interest-in-nfts-wanes\/\">NFT<\/a> market during some critical times, and as a result, the market did regain its momentum through some of his NFT collections, specifically his Mugshot NFTs. The attendees heatedly acclaimed this sentiment with cheers because they had to actually spend sums up to Trump&#8217;s Mugshots NFT for a chance to hear it.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Critique_of_Bidens_Meme_Coin\"><\/span>Trump&#8217;s Critique of Biden&#8217;s Meme Coin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Of all, Trump slammed the <strong>&#8220;Jeo Boden&#8221; (BODEN) meme coins,<\/strong> used by supporters of Biden, for being worth &#8220;a lot of money for a token.&#8221; Such a comment announced an increase in the BODEN asset by more than 10%. However, in contrast,<strong> &#8220;Donald Tremp&#8221; (TREMP) flooded by 110%<\/strong> right after Trump&#8217;s comments, which shot up right after Trump&#8217;s comments.<\/p>\n<p>Trump pandered to the crypto community by mocking his foe&#8217;s lack of knowledge of crypto in a tongue-in-cheek manner. &#8220;I can imagine that if you like cryptocurrency, you should vote for Trump.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Evolving_Stance_on_Bitcoin_and_Digital_Currency\"><\/span>Trump&#8217;s Evolving Stance on Bitcoin and Digital Currency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the most noticeable aspects of Trump&#8217;s crypto engagement is that it is a distinct departure from his previous course of action, where he referred to <a href=\"https:\/\/coinengineer.net\/blog\/wall-street-whale-susquehanna-buys-billions-in-bitcoin-etfs\/\">Bitcoin<\/a> as a scam in 2021. Still, he supports the industry, but he clearly speaks out in favor of the only U.S. dollar dominance in banking operations, the conventional way. He affirmed that he would veto the existence of a central bank digital currency as long as he held his office.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Continuing_Legal_Battles_and_Crypto_Influence\"><\/span>Trump&#8217;s Continuing Legal Battles and Crypto Influence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the middle of his long-term legal challenges and trials in New York City, Trump&#8217;s involvement in the crypto industry is a clear proof of his importance in particular spheres. During his battles with finance authorities, the crypto landscape became another appealing factor to add to his post-presidential activities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The statement from his lips while hosting a crowd of non-fungible token lovers at his Florida residence shook the whole cryptocurrency market. Trump took advantage of his bold and vocal style to show his support for NFT and snubbed a meme coin that was associated with his political rival, Joe Biden. Trump&#8217;s Views on Crypto<\/p>\n","protected":false},"author":6,"featured_media":20063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[103,3310],"class_list":["post-20062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-nft","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Claims Credit for NFT Boom - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Former President Trump claims credit for NFT resurgence and critiques Biden&#039;s meme coin, causing ripples in cryptocurrency markets. His evolving stance on crypto and legal battles add intrigue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Claims Credit for NFT Boom - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Former President Trump claims credit for NFT resurgence and critiques Biden&#039;s meme coin, causing ripples in cryptocurrency markets. His evolving stance on crypto and legal battles add intrigue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-09T08:30:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-09T06:14:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/\",\"name\":\"Trump Claims Credit for NFT Boom - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg\",\"datePublished\":\"2024-05-09T08:30:38+00:00\",\"dateModified\":\"2024-05-09T06:14:49+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Former President Trump claims credit for NFT resurgence and critiques Biden's meme coin, causing ripples in cryptocurrency markets. His evolving stance on crypto and legal battles add intrigue.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg\",\"width\":640,\"height\":360,\"caption\":\"trump\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump Claims Credit for NFT Boom\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump Claims Credit for NFT Boom - Coin Engineer","description":"Former President Trump claims credit for NFT resurgence and critiques Biden's meme coin, causing ripples in cryptocurrency markets. His evolving stance on crypto and legal battles add intrigue.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/","og_locale":"en_US","og_type":"article","og_title":"Trump Claims Credit for NFT Boom - Coin Engineer","og_description":"Former President Trump claims credit for NFT resurgence and critiques Biden's meme coin, causing ripples in cryptocurrency markets. His evolving stance on crypto and legal battles add intrigue.","og_url":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/","og_site_name":"Coin Engineer","article_published_time":"2024-05-09T08:30:38+00:00","article_modified_time":"2024-05-09T06:14:49+00:00","og_image":[{"width":640,"height":360,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/","url":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/","name":"Trump Claims Credit for NFT Boom - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg","datePublished":"2024-05-09T08:30:38+00:00","dateModified":"2024-05-09T06:14:49+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Former President Trump claims credit for NFT resurgence and critiques Biden's meme coin, causing ripples in cryptocurrency markets. His evolving stance on crypto and legal battles add intrigue.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/trump.jpg","width":640,"height":360,"caption":"trump"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/trump-claims-credit-for-nft-boom\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Trump Claims Credit for NFT Boom"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/20062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=20062"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/20062\/revisions"}],"predecessor-version":[{"id":20065,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/20062\/revisions\/20065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/20063"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=20062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=20062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=20062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}