Donald Trump Says Crypto World Will Be ‘Living In Hell’ If He Loses Election

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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September 16, 2024

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Speaking at the Monday night launch of World Liberty Financial, his family’s crypto platform, Donald Trump warned that the “crypto world” would be “living in hell” should he lose the 2024 presidential election to Kamala Harris.

Donald Trump Talks Crypto, World Liberty Financial

The former U.S. president took aim at the United States Securities and Exchange Commission’s (SEC) regulation-by-enforcement approach to the digital asset sector, calling the federal agency’s strategy “extremely hostile.”

“The SEC’s been unbelievably hostile,” Trump said, referring to the commission’s treatment of American crypto entrepreneurs.

“If for some reason bad, bad things happen and we don’t win the election, those people that were under investigation and that are free as a bird right now, people that were being looked at in the crypto world, they will be living in hell because it will start the day after the election if they win,” he said.

Speaking live on X from his Mar-a-Lago mansion, Trump addressed listeners just one day after reportedly surviving his second assassination attempt in two months.

“The Secret Service knew immediately it was bullets, and they grabbed me,” he told listeners on Monday.

His comments come at a critical time for both the political and crypto landscapes as Trump and Harris lead polarizing political debates ahead of the November 2024 election, which could substantially impact the blockchain industry.

While campaigning, Trump has voiced strong support for the cryptocurrency sector, recently pledging to make the U.S. the “crypto capital of the planet” if elected.

Will Kamala Harris Unveil Her Crypto Plans?

The debut of World Liberty Financial, the nascent crypto project from his sons Donald Jr. and Eric, may only serve to strengthen his ties to the sector.

“I think crypto’s one of those things we have to do,” Trump said. “Whether we like it or not it’s one of those things we have to do.”

Kamala Harris, on the other hand, has not yet released any specific plans for digital assets, even though her campaign website outlines positions on various political issues.

Crypto advocates have expressed concern that her close ties to the SEC-friendly Biden administration could negatively affect her relationship with the digital asset industry.

However, recent reports suggest she may be more open to cryptocurrency than her predecessor.