President Donald Trump showcased his backup for the Bitcoin and cryptocurrency business once more at a high-profile fundraiser in San Francisco on Thursday.
Hosted through tech mission capitalists David Sacks and Chamath Palihapitiya at Sacks’ Pacific Heights house, the development raised $12 million for Trump’s marketing campaign, 3 assets provide informed Reuters. The development used to be attended through executives from Coinbase, the Winklevoss twins, and alternative business leaders.
JUST IN: 🇺🇸 Donald Trump pitched himself because the 'crypto president' at a San Francisco tech fundraiser. pic.twitter.com/s9W6RtKYeO
— Bitcoin Novel (@BitcoinMagazine) June 7, 2024
Trevor Traina, a San Francisco-based tech govt and previous U.S. ambassador to Austria beneath Trump, informed Reuters, “He said he would be the crypto president.”
Trump’s sturdy pro-crypto stance used to be additional emphasised throughout the development, touting crypto as impressive and stressed out that he used to be very supportive of the field, Republican Nationwide Committeewoman Harmeet Dhillon informed Reuters. On the other hand, Trump didn’t handover specifics on his proposed crypto coverage.
Regardless of San Francisco’s generous popularity, Trump’s fundraiser drew backup from a number of high-profile native mission capitalists and crypto buyers, who cited over the top legislation as a number one fear. Jacob Helberg, an assistant to Palantir, famous, “President Trump made clear that the Biden-Gensler crusade against crypto will grind to a halt within one hour of a second Trump administration.”
Simply terminating year, Donald Trump traditionally was the primary U.S. President to just accept Bitcoin Lightning Community donations, following feedback he made not too long ago pronouncing that he needs the while of crypto to be in The us, and now not pushed in a foreign country because of harsh rules.
Because the 2024 presidential election approaches, Trump’s stance on Bitcoin and cryptocurrency is enjoying an important position in garnering backup from over 50 million crypto homeowners and fans in the US, occasion his opposition, Joe Biden, has taken a tricky stance at the business.
