President Donald Trump showcased his assist for the Bitcoin and cryptocurrency business once more at a high-profile fundraiser in San Francisco on Thursday.
Hosted by tech enterprise capitalists David Sacks and Chamath Palihapitiya at Sacks’ Pacific Heights residence, the occasion raised $12 million for Trump’s marketing campaign, three sources current advised Reuters. The occasion was attended by executives from Coinbase, the Winklevoss twins, and different business leaders.
JUST IN: 🇺🇸 Donald Trump pitched himself because the ‘crypto president’ at a San Francisco tech fundraiser. pic.twitter.com/s9W6RtKYeO
— Bitcoin Journal (@BitcoinMagazine) June 7, 2024
Trevor Traina, a San Francisco-based tech government and former U.S. ambassador to Austria below Trump, advised Reuters, “He mentioned he could be the crypto president.”
Trump’s robust pro-crypto stance was additional emphasised through the occasion, touting crypto as essential and confused that he was very supportive of the sector, Republican Nationwide Committeewoman Harmeet Dhillon advised Reuters. Nevertheless, Trump didn’t present specifics on his proposed crypto coverage.
Regardless of San Francisco’s liberal status, Trump’s fundraiser drew assist from a number of high-profile native enterprise capitalists and crypto buyers, who cited extreme regulation as a main concern. Jacob Helberg, an adviser to Palantir, famous, “President Trump made clear that the Biden-Gensler campaign towards crypto will grind to a halt inside one hour of a second Trump administration.”
Simply final week, Donald Trump traditionally turned the primary U.S. President to simply accept Bitcoin Lightning Community donations, following feedback he made just lately saying that he needs the way forward for crypto to be in America, and never pushed abroad as a result of harsh rules.
Because the 2024 presidential election approaches, Trump’s stance on Bitcoin and cryptocurrency is taking part in a big function in garnering assist from over 50 million crypto homeowners and fanatics in america, whereas his opposition, Joe Biden, has taken a robust stance on the business.