*CRYPTO FUTURE:
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Donald Trump showed support for cryptocurrency at an event in San Francisco, criticizing US President Joe Biden's efforts to control this field.
Reuters on June 7 quoted three people attending Mr. Trump's fundraising event in San Francisco as saying that the former US president affirmed that he was a passionate supporter of cryptocurrency. The event was organized by technology venture capitalists David Sacks and Chamath Palihapitiya, helping Mr. Trump raise $12 million for his election campaign.
The cryptocurrency world is looking for ways to influence American politics in the context of tightening management in this field, especially after the bankruptcies of major cryptocurrency companies in 2022 revealed many violations and caused thousands of people to lose money. Millions of people lost all their money.
US President Joe Biden signed an executive order in 2022 to ensure digital assets are developed responsibly, pushing regulatory agencies such as the US Securities and Exchange Commission (SEC) to issue regulations. identification and guidance on addressing threats in the digital currency ecosystem.
A growing number of venture capitalists and cryptocurrency entrepreneurs in San Francisco have expressed support for Mr. Trump, one of the reasons being the excessive regulatory measures from the Biden administration.
"Mr. Trump emphasized that Biden - Gensler's war against cryptocurrency will end within an hour of his election," Jacob Helberg, consultant at data analysis company Palantir, said, referring to President Biden and SEC Chairman Gary Gensler.
