Trump positions himself as: "Cryptocurrency President" at a fundraiser in San Francisco
President Donald Trump once again showed his support for Bitcoin and the cryptocurrency industry at a high-profile fundraiser in San Francisco on Thursday.
The event, hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks’ Pacific Heights home, raised $12 million for the Trump campaign, three attendees told Reuters. The event was attended by Coinbase executives, the Winklevoss twins, and other industry leaders.
JUST IN: 🇺🇸 Donald Trump introduced himself as the ‘Crypto President’ at a San Francisco tech fundraiser. pic.twitter.com/s9W6RtKYeO
— Bitcoin Magazine (@BitcoinMagazine) June 7, 2024
“He said he would be the cryptocurrency president,” Trevor Trainna, a San Francisco-based technology executive and former U.S. ambassador to Austria under President Trump, told Reuters.
President Trump’s strong pro-crypto stance was further emphasized at the event, touting the importance of cryptocurrencies and emphasizing that he is very supportive of the sector, Republican National Committee member Harmeet Dhillon told Reuters. However, Trump did not give any specifics about his proposed cryptocurrency policy.
Despite San Francisco’s progressive reputation, Trump’s fundraiser garnered support from several high-profile local venture capitalists and cryptocurrency investors, who cited excessive regulation as a key concern. “President Trump has made it clear that the Biden-Gensler movement against cryptocurrencies will be halted within an hour of a second Trump administration taking office,” said Jacob Helberg, an advisor at Palantir.
Last week, Donald Trump became the first US president to accept a historic Bitcoin Lightning Network donation. He became the first US president to accept a Bitcoin Lightning Network donation, following his recent statement that he wanted the future of the cryptocurrency to be in the US rather than abroad due to strict regulations.
As the 2024 presidential election approaches, Trump’s stance on Bitcoin and cryptocurrencies is playing a key role in garnering the support of the more than 50 million cryptocurrency owners and enthusiasts in the U.S., while his opponent, Joe Biden, is a major player in the industry. took a hard stance against it.
