MEXCDonald Trump Calls Press Conference, ‘Huge’ Crypto Announcement?
Highlights
- Donald Trump will attend a press conference in Florida today.
- The conference is scheduled for 2 P.M. on Thursday and netizens expect big announcements.
- The crypto community is speculating around pro-crypto updates owing to Trump family's recent comments on cryptocurrency industry.
Former President Donald Trump announced plans to hold a press conference on Thursday, August 8, at his Mar-a-Lago estate. This announcement drew widespread attention due to recent developments both in the political and crypto regulatory space. The announcement comes at a pivotal moment in the 2024 election race, as Vice President Kamala Harris gains traction in national polls.
Will Donald Trump Make Major Crypto Announcement?
The Trump family recently teased major developments in decentralized finance (DeFi), which makes this latest announcement much more significant. The press conference, scheduled for 2:00 P.M. today, was confirmed by Donald Trump on his social media platform, Truth Social. He wrote, “I will be doing a General News Conference at 2:00 P.M. at Mar-a-Lago, Palm Beach. Thank you!”
This post sparked speculation about the topics he might address. Netizens expect him to take aim at his opponent, Kamala Harris, who hasn’t made a press appearance in the last 18 days. However, the real intrigue leading up to Trump’s press conference revolves around his family’s recent activity in the crypto world.
On Wednesday, August 8, Donald Trump Jr. took to X (formerly Twitter) to hint at a major upcoming development in the crypto and decentralized finance (DeFi) sectors. “We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future—don’t get left behind,” Trump Jr. tweeted.
The post quickly garnered attention from both political and crypto circles, especially following remarks from Eric Trump, Donald Trump’s second son. Eric recently declared his own enthusiasm for the burgeoning DeFi space. “I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement,” Eric Trump shared.
The timing of these statements, coming just before the scheduled press conference, has led to rampant speculation about what the former president might announce. Moreover, at the Bitcoin Conference 2024, Trump outlined a vision to use Bitcoin as a strategic reserve for the United States. Hence, these historical precedent also fueled theories on the latest announcements.
Also Read: ‘We’re About To Shake Up The Crypto World’ – Donald Trump Jr.
Cut-Throat Competition With Harris
Amid the political turmoil, Vice President Kamala Harris has seen a surge in momentum. A recent Marquette Law School poll shows Harris leading Trump in a national matchup. In addition, this momentum has been reflected on Polymarket, a popular prediction market.
On the platform, Harris slightly edges out Donald Trump with 49.2% win odds compared to his 49% re-election probability. Despite this, Trump continues to lead in many battleground states, which are expected to play a crucial role in determining the election’s outcome, according to the Washington Post.
Earlier, during the Bitcoin Conference 2024, Trump signaled his intention to remove SEC Chair Gary Gensler from his position if re-elected. Gensler has been a controversial figure in the crypto community. He is widely seen as an obstacle to the industry’s growth due to his aggressive regulatory stance. Thus, the community expects further pro-crypto announcements by Trump before the November elections.
Also Read: Kamala Harris Beats Donald Trump On Prediction Market Ahead Crypto Meet
- Changpeng ‘CZ’ Zhao Confirms Defamation Lawsuit Plans Against Sen Elizabeth Warren
- Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration
- Bitwise Solana Staking ETF (BSOL) Makes Record Debut with $69.5M Inflows, $289M NAV
- Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
- Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
