Former President Donald Trump has shifted his stance on cryptocurrency, now positioning himself as a pro-crypto candidate in the upcoming 2024 election.

Previously critical of crypto during his presidency, Trump has accused President Biden and SEC Chair Gary Gensler of conspiring against cryptocurrencies, presenting himself as the alternative for pro-crypto voters.

This shift follows Biden's administration's actions, including the threat to veto a crypto bill and perceived hostility towards the industry, which has sparked dissatisfaction within the crypto community.

Trump's newfound support for crypto aims to address concerns about the industry's migration from the U.S. due to perceived regulatory hostility.