Donald Trump Declares Intent to be the ‘Crypto President’ at Fundraising Event
Former President of the United States, Donald Trump, is intensifying his support for cryptocurrency and aims to be known as the “crypto president.” This announcement was made during a fundraising event in San Francisco, co-hosted by Craft Ventures’ general partner, David Sacks, and tech billionaire Chamath Palihapitiya, as reported by Reuters.
During the event, Trump reiterated his dedication to cryptocurrency, stating his willingness to lead the industry forward while cautioning against the Democratic Party’s alleged preference for strict regulations. The fundraising event was a major success for Trump, raising a substantial $12 million in support of his campaign ahead of the upcoming presidential election on November 5.
Trump’s advocacy for cryptocurrency stands in contrast to President Joe Biden’s recent decisions that have drawn criticism from the crypto community. Just last week, Biden faced backlash for vetoing a resolution aimed at overturning the controversial U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121, which requires institutions to list cryptocurrency assets as liabilities on their balance sheets.
Trump’s vocal support for cryptocurrency is not new, with several recent public statements reinforcing his stance on the importance of the United States leading in the crypto sector. He has also announced that his presidential campaign will now accept cryptocurrency donations, with options including Bitcoin, Ethereum, Dogecoin, and others.
In addition, Trump has made a promise to grant a presidential pardon to Ross Ulbricht, the founder of Silk Road, if he is re-elected in the upcoming election in November. A recent survey conducted by the Harris Poll revealed that one in three voters in the US consider a candidate’s stance on cryptocurrencies before casting their vote. Another survey by Paradigm showed that Trump enjoys significant support from the crypto community, with 48% of crypto owners planning to vote for him in the upcoming election.
Furthermore, a report from Coinbase suggests that California voters who own cryptocurrencies will have a significant impact on the outcome of the 2024 elections. Trump’s bold stance on cryptocurrency is gaining traction among voters and setting him apart from other candidates in the race.
