Former President Donald Trump, who once labeled cryptocurrency as a 'scam' and a 'disaster waiting to happen,' has shifted his stance following substantial financial backing from wealthy industry donors. Trump's Super PAC received millions in donations from crypto backers, including a significant $3 million in the second quarter. The majority of these donations came from top industry executives rather than ordinary crypto holders. This shift in support has also influenced the official Republican Party platform, which now includes language supporting cryptocurrency. The change comes after a recent assassination attempt and support from Silicon Valley, and Trump has also selected a pro-Bitcoin VP candidate.