Donald Trump Declares Himself the ‘Crypto President’

Republican candidate for the upcoming US elections, Donald Trump, has announced his intention to become the cryptocurrency president, according to Reuters, citing sources.

During a fundraising event for his presidential campaign in San Francisco, the politician positioned himself as a defender of digital assets and criticized the Democrats’ attempts to regulate the industry.

According to the publication, Trump raised $12 million at an event for Silicon Valley venture investors, organized by Chamath Palihapitiya and David Sacks at the latter’s mansion in the Pacific Heights area.

Media reports indicate that the meeting was attended by executives from the cryptocurrency exchange Coinbase, the founders of the trading platform Gemini, Cameron and Tyler Winklevoss, and other industry representatives.

Intercom CEO Eoghan McCabe shared his experience at the event on X:

“I spoke with six people there. No one identified as a Republican. All had voted or donated to Democrats in the past. Now they support this guy [Trump] for his policies on war, immigration, cryptocurrency, and more. This election is a referendum on these issues.”

Interesting

— Elon Musk (@elonmusk) June 8, 2024

Elon Musk commented on the publication, calling it “interesting.” None of the sources reported the billionaire’s presence at the event.

In late May, Bloomberg speculated that Musk might join Trump’s team as an advisor, including on cryptocurrency matters. The WSJ reported that the politician plans to make the billionaire an advisor. Musk stated that he has not discussed his potential role in a possible Trump administration.

During a speech at the Libertarian Party National Convention, Trump declared that the US should become a leader in the crypto industry. He also promised to pardon Silk Road founder Ross Ulbricht if elected president.

Back in March, Trump stated that he does not plan to interfere with the use of Bitcoin or other digital assets if he wins the November elections.

He described the first cryptocurrency as an “additional form of currency” that will require specific regulation by the authorities. According to the politician, Bitcoin has already “taken on a life of its own.”

According to a Paradigm survey, about 48% of voters who own digital assets plan to vote for Trump in the upcoming US presidential elections. Another 38% support Biden, while 13% remain undecided.