Silicon Valley Takes Trump to Court in Latest Crypto Campaign Push: Report
Former U.S. President and current Republican presidential candidate Donald Trump recently ventured into Silicon Valley for his campaign fundraising efforts.
President Trump raised $12 million at a Thursday night fundraiser held at the San Francisco home of technology entrepreneur and investor David Sacks, Reuters reported, citing people who attended the fundraiser. The event was co-hosted by Chamath Palihapitiya, CEO of Social Capital.
Trump’s emergence is spurring the acceptance of cryptocurrencies ahead of the 2024 presidential election. Prominent cryptocurrency leaders such as Gemini founders Cameron and Tyler Winklevoss also attended the fundraiser, according to Reuters.
Trevor Traina, chief business officer of Tools for Humanity, who previously served as Trump’s ambassador to Austria, told Reuters that Trump had said at a fundraiser that “he would be the cryptocurrency president.” “I said,” he said. Palantir Technologies advisor Jacob Helberg told the publication that President Trump “has made it clear that the Biden-Gensler campaign against cryptocurrencies will be halted within an hour of the inauguration of a second Trump administration.” said to
Republican National Committee member Harmeet Dhillon said President Trump has not provided details about his cryptocurrency policy. However, cryptocurrency supporters are still looking out for him in the upcoming elections.
Intercom CEO Eoghan McCabe said in a post to “I support this man for his policies,” he said. , cryptocurrency, etc. This election is a referendum on these issues.”
Trump declared his support for cryptocurrencies in late May and even added cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin and Shiba Inu as acceptable donations for his campaign.
At the Liberty Party National Convention held on May 25, President Trump also announced that he would commute the sentence of Silk Road founder Ross Ulbricht, suspend the issuance of central bank digital currency (CBDC) in the United States, and support self-ownership. The Block reported.
Meanwhile, President Joe Biden’s re-election campaign began asking cryptocurrency industry officials late last month for guidance on “the crypto community and policy,” sources previously told The Block.
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