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Trump Brands Himself as the 'Crypto President' at San Francisco Fundraiser

Trump Brands Himself as the 'Crypto President' at San Francisco Fundraiser

Jun 7, 2024

Trump Brands Himself as the 'Crypto President' at San Francisco Fundraiser

In a recent high-profile fundraiser in San Francisco, former President Donald Trump declared himself the "crypto president," reiterating his support for the Bitcoin industry. The event, attended by notable figures from the tech industry, including executives from Coinbase and the Winklevoss twins, raised $12 million for Trump's presidential campaign.

Hosted by technology venture capitalists David Sacks and Chamath Palihapitiya at Sacks' Pacific Heights residence, the fundraiser drew an elite crowd amidst the city's liberal environment. "He said he would be the crypto president," Trevor Traina, a tech executive and former U.S. ambassador to Austria under Trump, reported to Reuters.

Harmeet Dhillon, a Republican National Committeewoman, conveyed Trump's emphasis on the importance of Bitcoin and crypto and his supportive stance, although no specific policy proposals were mentioned during the event. Attendees pointed out the stark contrast between Trump's pro-Bitcoin position and the regulatory efforts by the current Biden administration, led by SEC Chair Gary Gensler. Jacob Helberg, an adviser to Palantir, stated, "President Trump made clear that the Biden-Gensler crusade against crypto will grind to a halt within one hour of a second Trump administration."

This fundraiser comes just one week after Trump made history by becoming the first U.S. President to accept Bitcoin Lightning Network donations for a campaign, aligning with his previous comments advocating for the future of Bitcoin and crypto to remain in the United States rather than being driven overseas due to stringent regulations.

With the 2024 presidential election on the horizon, Donald Trump's approach to Bitcoin and crypto is increasingly significant, aiming to attract the support of the estimated 50 million Bitcoin and crypto owners in the United States.

Reuters Article

Bitcoin Magazine Article


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