After his conviction in the hush money trial, former US President Donald Trump is again on the hunt for votes. The Republican may have discovered my new group of voters. Trump now wants to be ‘crypto’ president.
Republican presidential candidate Donald Trump defended the cryptocurrency industry during a fundraising gala in San Francisco, according to three witnesses. “He has said he will be the ‘crypto president,’” Trevor Traina, a technology entrepreneur and former US ambassador to Austria, told Reuters on Thursday about the event.
“President Trump made it clear that the Biden-Gensler anti-crypto crusades would come to a halt within an hour of a second Trump administration,” said Jacob Helberg, an adviser to data analytics provider Palantir, referring to SEC Chairman Gary Gensler. Harmeet Dhillon of the Republican National Committee said Trump emphasized the importance of cryptocurrencies.
Twelve million for a fundraising gala
According to Dhillon, Trump has not provided any details about his planned crypto strategy. According to them, executives from the crypto exchange Coinbase as well as investors and the “crypto twins” Tyler and Cameron Winklevoss and other top crypto executives also participated in the event. It was hosted by tech investors David Sacks and Chamath Palihapitiya at Sacks’ home in the exclusive Pacific Heights neighborhood. Trump received $12 million in campaign contributions.
Although San Francisco is considered liberal, a growing number of venture capitalists and crypto investors there support Trump. Several of them complain about what they consider excessive regulation of the sector.
Biden introduced regulations
Trump is expected to face Democratic incumbent Joe Biden in the presidential elections in early November. He signed a decree in 2022 with the aim of responsible development of digital assets. As a result, regulators such as the SEC and CFTC were asked to develop guidelines and regulations for the crypto industry.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
