Trump hints at 4th NFT collection, fears Chinese crypto take-over

Former United States president Donald Trump revealed he is contemplating launching a fourth non-fungible token collection. He reiterated the importance of the United States leadership in cryptocurrency amid a wide-ranging interview on Tuesday. 

“I’m going to do another one because the people want me to do another one,” Trump said in an interview with Bloomberg on July 16.

“We had one year to sell it out and it sold out in one day,” he added. His most recent NFT collection, titled “MugShot,” centered around the theme of his ongoing criminal indictments.

“I would say almost all of it was paid in crypto, in this new currency. And it opened my eyes,” Trump added, explaining that he wants to ensure that the United States is a leader in the cryptocurrency industry.

“It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere,” Trump said, claiming that if he ignores it, China will become a leader in the industry as the nation is “pretty advanced in that sphere.”

He acknowledged the change in tone that traditional banking executives, such as the CEO of JP Morgan, have had toward cryptocurrency over the years.

“Jamie Dimon was, you know, very negative and now all of a sudden he’s changed his tune a little bit,” Trump said, just months after Dimon faced criticism from the crypto industry for his harsh words against cryptocurrency at a Senate Banking Committee hearing in December 2023.

“If I was the government, I’d close it down,” said Dimon at the time.

Trump’s comments come just days after an assassination attempt while he was speaking on stage at a rally in Butler, Pennsylvania.

On July 14, Cointelegraph reported that the Ethereum-based MAGA memecoin spiked rapidly from a price of $6.31 to $10.36 immediately after the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 45 minutes.

(Cointelegraph Trump hints at 4th NFT collection, fears Chinese crypto take-over (cointelegraph.com)