President Donald Trump as soon as once more demonstrated his help for Bitcoin and the cryptocurrency business at a high-profile fundraiser in San Francisco on Thursday.
The occasion was hosted by tech enterprise capitalists David Sacks and Chamath Palihapitiya on the Sacks’ residence in Pacific Heights, three sources in attendance instructed Reuters. Raised $12 million for Trump’s marketing campaign. The occasion was attended by executives from Coinbase, the Winklevoss twins and different business leaders.
JUST IN: 🇺🇸 Donald Trump positioned himself because the “Cryptocurrency President” at a tech fundraiser in San Francisco. pic.twitter.com/s9W6RtKYeO
— Bitcoin Journal (@BitcoinMagazine) June 7, 2024
“He stated he was going to be the crypto president,” Trevor Traina, a San Francisco tech government and former U.S. ambassador to Austria below Trump, instructed Reuters.
Republican Nationwide Committeewoman Harmeet Dhillon instructed Reuters that Trump additional emphasised his sturdy pro-crypto stance in the course of the occasion, touting the significance of cryptocurrencies and emphasizing his sturdy help for the business. Nevertheless, Trump didn’t present particular particulars of his proposed cryptocurrency coverage.
Regardless of San Francisco’s liberal popularity, Trump’s fundraiser has the backing of a number of distinguished native enterprise capitalists and cryptocurrency traders, who cite overregulation as a significant concern. Palantir guide Jacob Helberg famous that “President Trump has made it clear that Biden and Gensler’s campaign towards cryptocurrency will stop inside an hour of Trump’s second time period in workplace.”
Simply final week, Donald Trump made historical past as the primary U.S. president to just accept a Bitcoin Lightning Community donation, following his latest feedback that he wished the way forward for cryptocurrencies to be within the U.S. and never be held again by strict regulation. Push abroad.
Because the 2024 presidential election approaches, Trump’s stance on Bitcoin and cryptocurrencies will play an essential position in gaining help from the greater than 50 million cryptocurrency homeowners and lovers in america, whereas his opponent Joe Biden A troublesome stance has been taken towards the business.
