President Donald Trump showcased his support for the Bitcoin and cryptocurrency industry at a high-profile fundraiser in San Francisco, where he raised $12 million for his campaign. The event, hosted by tech venture capitalists, was attended by industry leaders and executives from Coinbase and the Winklevoss twins.
During the fundraiser, Trump emphasized his pro-crypto stance, dubbing himself as the “crypto president.” He stressed the importance of the sector and expressed strong support, but did not provide specifics on his proposed crypto policy.
Despite San Francisco’s liberal reputation, Trump’s fundraiser drew support from local venture capitalists and crypto investors who are concerned about excessive regulation in the industry. Trump’s advisor noted that a second Trump administration would put a stop to the Biden-Gensler crusade against crypto.
Trump’s recent acceptance of Bitcoin Lightning Network donations and his desire to keep the future of crypto in America have resonated with over 50 million crypto owners and enthusiasts in the United States. As the 2024 presidential election approaches, Trump’s stance on Bitcoin and cryptocurrency is becoming a key factor in garnering support, especially as his opposition, Joe Biden, has taken a tough stance on the industry.
