One week after accepting Bitcoin Lightning campaign donations, Trump says he is the "crypto president".
President Donald Trump showcased his support for the Bitcoin and cryptocurrency industry again at a high-profile fundraiser in San Francisco on Thursday.
Hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks' Pacific Heights home, the event raised $12 million for Trump's campaign, three sources present told Reuters. The event was attended by executives from Coinbase, the Winklevoss twins, and other industry leaders.
Trevor Traina, a San Francisco tech executive and former U.S. ambassador to Austria, told Reuters that Trump declared he would be the "crypto president." Trump emphasized his strong pro-crypto stance but didn't provide specifics on his proposed policy. Despite San Francisco's liberal reputation, Trump's fundraiser attracted support from high-profile venture capitalists and crypto investors concerned about excessive regulation.
Jacob Helberg, an adviser to Palantir, noted Trumpâs promise to end the Biden administration's anti-crypto actions quickly. Trump recently became the first U.S. President to accept Bitcoin Lightning Network donations, aiming to keep the future of crypto in America. As the 2024 election approaches, Trump's crypto stance is attracting support from millions of U.S. crypto enthusiasts, in contrast to Joe Biden's tough stance on the industry.
