Trump Launches Midterm Campaign With $5,000 Payment Promise to Adult Citizens
Former President Donald Trump officially kicked off his campaign for the November congressional elections with a rally in Dallas, Texas, where he announced a sweeping financial proposal: a $5,000 payment to every adult U.S. citizen if Republicans secure control of both the Senate and the House of Representatives.
Details of the Proposed Payment Program
Speaking at the Republican midterm election rally, Trump outlined the direct payment plan but attached a strict domestic spending requirement. “I don’t want you spending this money in Canada, China, or Germany. The only condition is that the money is spent in the United States.”
The former president did not specify how the program would be funded during his remarks. According to calculations by Reuters, based on a U.S. adult population of approximately 270 million, the total cost could reach roughly $1.35 trillion. Legal experts cited by Reuters noted that a presidential decree alone would be insufficient to authorize such expenditures; congressional legislation would be required.
Cryptocurrency Analysts Predict Potential Altcoin Season
Trump’s proposal has immediately drawn attention from digital asset markets. Cryptocurrency analyst Mark Chadwick suggested the plan could act as a massive liquidity catalyst for the crypto sector, potentially triggering a large-scale altcoin season.
In a post on his X account, Chadwick compared the proposed payments to the COVID-19 stimulus checks distributed in 2021, which coincided with a significant rally in risk assets. He argued that the infusion of new capital could provide additional momentum to a bull market he believes is already in its early stages. Chadwick had previously noted in his analyses that the long-term downtrend in the altcoin market appeared to have broken, with current technical patterns resembling those seen ahead of previous major altcoin rallies.
This article does not constitute investment advice.