Trump Presents Himself as 'Crypto President' at Fundraising Event
The Republican presidential candidate doubled down on his pro-crypto stance during an event in San Francisco, USA.
Republican presidential candidate and recently convicted, Donald Trump, called himself a “crypto president” at a fundraising event in San Francisco last Thursday (6th), according to attendees.
A Reuters report cited participants of the fundraiser who claimed that Trump had advocated pro-crypto views at the event. “He said he would be the president of cryptocurrencies,” stated Trevor Traina, ambassador to Austria during Trump’s presidency.
Although Trump did not offer any specific details about his policies for the crypto sector, he reportedly indicated that “the Biden-Gensler crusade against crypto will be halted within an hour of a second Trump administration,” according to Jacob Helberg, senior political advisor to the CEO of data analysis provider Palantir.
Among the fundraiser attendees were executives from the cryptocurrency exchange Coinbase and the co-founders of Gemini, Tyler and Cameron Winklevoss.
Cryptocurrencies have become a contentious issue for the upcoming elections. Last month, we witnessed a bipartisan consensus aligning around a major cryptocurrency regulation bill, quickly followed by the surprise approval of several spot Ethereum ETFs in the US, which industry figures called a “game-changer” for the sector.
“My guess is that this is now an extremely important political issue,” said Ethereum co-founder Joe Lubin to Decrypt, arguing that the crypto sector has reached a higher status, where American politicians were forced to sit up and take notice.
The PolitiFi category memecoins saw little movement following the Trump fundraiser report, with the MAGA (TRUMP) coin rising 7% on the day, even as other Trump-themed coins, such as MAGA Hat (MAGA) and TREMP, traded lower.