Donald Trump, the ex-President and current Republican Presidential hopeful, has promised to back cryptocurrency firms should he win the upcoming election.

This commitment emerges as Trump competes against the sitting President Joe Biden, who appears to be shifting his administration's policy on cryptocurrencies.

As the US Presidential elections draw closer later this year, the differing perspectives on cryptocurrency regulation between Trump and Biden are becoming increasingly stark.

Trump's pledge signals a potentially favorable turn for the crypto industry should he return to office, marking a notable contrast to the current administration's evolving stance.