Donald Trump Promises To Become The Crypto President

June 11, 2024 7:09 pm Comments

During a recent fundraising event in San Fransisco, President Trump declared he would be the “crypto president.”

Trump made his comment during a recent fundraising event hosted by investor David Sacks and tech billionaire Chamath Palihapitiya.

During the fundraising event, which cost attendees $300,000 a seat, Trump told the crowd, which consisted mostly of venture capitalists and tech gurus, that as president, he would be committed to supporting the advancement of cryptocurrency.

Trump also warned the crowd that the Biden administration supports regulation on cryptocurrency.

Per Crypto News:

Former United States President Donald Trump is ramping up his advocacy for cryptocurrency, now setting his sights on becoming the “crypto president.”

He made the comment during a fundraising event in San Francisco, co-hosted by Craft Ventures’ general partner, David Sacks, and tech billionaire Chamath Palihapitiya, according to a recent Reuters report.

At this gathering, Trump purportedly affirmed his commitment to cryptocurrency, asserting his readiness to champion the industry’s advancement, while cautioning against the Democratic Party’s purported inclination towards stringent regulations.

The fundraising event proved to be a significant boon for Donald Trump’s promotional efforts, reportedly netting a substantial $12 million in support ahead of the November 5 U.S. presidential election.

Donald Trump’s embrace of cryptocurrency aligns with his broader strategy to distinguish himself from the policies espoused by the current administration, particularly in light of President Joe Biden’s recent decision that drew ire from the crypto community.

Just a week prior, Biden faced criticism after vetoing a resolution aimed at overturning the controversial U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121.

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