Donald Trump Announces Intention to Become a “Crypto President”
Date: 2024-06-10 Author: Henry Casey Categories: IN WORLD
Former US President and upcoming election candidate Donald Trump has reiterated his support for the digital asset industry. At a fundraiser for his re-election campaign, he announced his intention to become a “crypto president.” This statement was made in the context of his desire to support cryptocurrencies and blockchain technologies.
The event, organized by venture capitalists David Sachs and Chamath Palihapitiya in San Francisco, raised $12 million for the Trump campaign. Among those present were prominent representatives of the crypto industry, including the founders of the cryptocurrency exchange Coinbase and the Winklevoss brothers, known for their investments in cryptocurrencies.
Criticism of Democratic Policies
In his speech, Trump criticized the Democratic Party's policies regarding digital assets. He emphasized the importance of cryptocurrencies for the United States and expressed a desire to support market players. Trump also indicated that in his second term, Joe Biden and SEC Chairman Gary Gensler's policies on cryptocurrencies would change significantly.
Intentions and Promises
Former US Ambassador to Austria Trevor Traina and Palantir adviser Jacob Helberg noted that Trump has made his intentions regarding cryptocurrencies clear. He promised that his administration would end the “crusade” against cryptocurrencies launched by the current administration.
Trump also emphasized his positive stance on crypto assets in a Truth Social post in late May. In addition, he promised to release the founder of the darknet site Silk Road, Ross Ulbricht, who is serving a life sentence.
Cryptocurrency Support History
It is worth noting that Donald Trump has repeatedly expressed his support for digital assets and companies operating in this sector. His statements and actions are attracting the attention of the crypto community and investors, who see him as a potential ally in the development and regulation of the industry.
Trump's fundraising event and statements show his desire to strengthen the position of cryptocurrencies in the United States and create favorable conditions for their development. Trump's influence on the industry could have a significant impact on the future of cryptocurrencies and blockchain technologies in the country.
