[Bitcoin Magazine CEO pledges to raise $15 million for Trump]
Bitcoin Magazine CEO David Bailey has reportedly pledged to raise $15 million for former President Trump at a conference in Nashville later this month.
The Washington Post reports that former President Trump will attend a Bitcoin conference in Nashville, Tennessee, that is expected to help him raise $15 million from donors. According to people familiar with the matter, Bitcoin Magazine CEO David Bailey repeatedly lobbied Trump and his representatives for the conference, promising to "host a $15 million fundraiser for Trump in Nashville."
At least two donors reportedly told The Washington Post that Trump pledged support even though he "doesn't seem to understand the complexities of cryptocurrency." The report added that Trump sees the cryptocurrency community as his return to the presidency. Potential assets for the position.
Kyle Samani, co-founder of Multicoin Capital, said: “Trump understands that the Biden administration has mishandled encryption policy and misjudged its importance.” Samani added that many crypto enthusiasts are single-issue voters with financial resources. And "are looking for candidates to support," stressing that Trump and his team "recognize all of the above and are taking advantage of it."
Reports indicate that senior White House officials recently met with top cryptocurrency executives, although the specific details and participants of the discussions have not yet been disclosed. Trump is expected to give a 30-minute speech at 2pm Central Time (19:00 UTC) on July 27, the last day of the Bitcoin conference.
