Trump’s Critique of El Salvador Stirs Up Bitcoin Community Debate
22.07.2024 10:30 2 min. read Alexander Stefanov
Former President Donald Trump's recent remarks have sparked a heated debate within the Bitcoin community.
At the Republican National Convention, Trump criticized El Salvador’s President Nayib Bukele, accusing him of exporting criminals to the US as a means of addressing the country’s crime issues.
🚨 TRUMP: “El Salvador crime rate is down 70% because they’re dumping all their criminals here.”
Trump doubles down on Nayib Bukele and El Salvador comments.
Bitcoiners are between a rock and a hard place.
pic.twitter.com/YDZ876yALq— Autism Capital 🧩 (@AutismCapital) July 20, 2024
Trump’s comments suggested that El Salvador’s reported drop in crime was due to sending criminals to the US rather than effective domestic policies. This has prompted a strong backlash from Bitcoin supporters and experts.
Nic Carter from Castle Island Ventures challenged Trump’s assertion, claiming Bukele’s policies have actually reduced the flow of MS-13 gang members into the US. The Bitcoin Therapist, a well-known figure in the crypto space, warned that Trump’s criticism could harm his support among Bitcoin enthusiasts.
Mark Keiser, an advisor to Bukele, is set to address these issues directly with Trump at the Bitcoin Conference in Nashville on July 27. Meanwhile, Bukele has focused on promoting his new Salvadoran coffee brand, subtly responding to Trump’s comments with a humorous retweet.
Trump’s statements have introduced new tensions into the Bitcoin political arena, with significant anticipation building for his appearance at the upcoming conference alongside other notable figures.
-
1
Ripple CLO Declares the Company’s Fight with SEC Is Over
28.03.2025 10:00 2 min. read -
2
Trump to Deliver Remarks at Major Crypto Summit
20.03.2025 10:00 1 min. read -
3
U.S. State Considers Allowing Crypto Investments in Retirement Funds
26.03.2025 14:00 2 min. read -
4
SEC’s Crypto Task Force to Host Four Key Roundtables
27.03.2025 11:28 1 min. read -
5
Justin Sun Transfers $1 Billion USDT to HTX
19.03.2025 19:00 1 min. read
U.S. Set to Target Chinese Firms on Wall Street Over Transparency and State Control
U.S. officials are reportedly gearing up to target Chinese companies listed on American stock exchanges, with delisting becoming a real possibility, according to Fox News journalist Charles Gasparino.
Magic Eden Acquires Slingshot to Launch Cross-Chain Trading Platform
Magic Eden is branching out from its NFT roots by acquiring Slingshot, a crypto trading app known for its intuitive, cross-chain functionality.
Trump-Linked DeFi Project to Trial Stablecoin Airdrop for WLFI Holders
A DeFi initiative with links to the Trump family, World Liberty Financial (WLFI), is planning to distribute a new stablecoin to its community as part of a live test of its airdrop system.
XRP Set for Bigger Role as Ripple Buys Hidden Road for $1.25 Billion
Ripple is stepping up its presence in traditional finance with the acquisition of Hidden Road, a prime brokerage platform serving institutional clients.
-
1
Ripple CLO Declares the Company’s Fight with SEC Is Over
28.03.2025 10:00 2 min. read -
2
Trump to Deliver Remarks at Major Crypto Summit
20.03.2025 10:00 1 min. read -
3
U.S. State Considers Allowing Crypto Investments in Retirement Funds
26.03.2025 14:00 2 min. read -
4
SEC’s Crypto Task Force to Host Four Key Roundtables
27.03.2025 11:28 1 min. read -
5
Justin Sun Transfers $1 Billion USDT to HTX
19.03.2025 19:00 1 min. read
