Former US President and Republican presidential candidate Donald Trump raised $12 million at a fundraiser in San Francisco attended by prominent cryptocurrency leaders. "Trump said he would be the cry... View MoreFormer US President and Republican presidential candidate Donald Trump raised $12 million at a fundraiser in San Francisco attended by prominent cryptocurrency leaders. "Trump said he would be the crypto president," a tech executive said at the event.
Trump Raises Money in Silicon Valley
Trump prefers Silicon Valley as a source of campaign funds. According to Reuters, Trump raised $12 million at an event held at the home of tech entrepreneur David Sacks in San Francisco. The event was hosted by Social Capital CEO Chamath Palihapitiya.
Cryptocurrency Adoption Accelerates
Ahead of the 2024 election, Trump's interest in cryptocurrencies has grown. Famous cryptocurrency leaders such as Gemini founders Cameron and Tyler Winklevoss also attended the event. Trevor Traina, COO of Tools for Humanity, said Trump pledged to be the "crypto president" at the event. Jacob Helberg, an advisor to Palantir Technologies, said the anti-crypto policies of the Trump Biden-Gensler administration will end in a second Trump administration.
Growing interest among crypto supporters
Harmeet Dhillon, a member of the Republican National Committee, said Trump did not provide details about his cryptocurrency policy. However, crypto supporters continue to support Trump in the upcoming elections. Intercom CEO Eoghan McCabe explained on social media platform X that many of the people he interviewed at the event had voted or donated to the Democratic Party in the past but now support Trump. He emphasized that these elections are a referendum on war and immigration policies.
Support for cryptocurrencies is growing
Trump announced his support for cryptocurrencies in May and announced that he would accept Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu cryptocurrencies for his campaign. At the Libertarian Convention, he said he would commute the sentence of Silk Road founder Ross Ulbricht, stop the creation of a central bank digital currency (CBDC) in the United States, and support self-custody.
Biden's Crypto Strategy
President Joe Biden's reelection campaign has also begun to seek guidance from crypto industry players on crypto communities and policies.
Trump's interest in cryptocurrencies and his fundraising activities in Silicon Valley have attracted attention ahead of the 2024 election. The crypto world is closely watching Trump’s promises and policies.
