Former US President Donald Trump amassed $25 million in campaign donations during the Bitcoin 2024 conference in Nashville. This was reported by the event’s organizer and CEO of Bitcoin Magazine, David Bailey.
For those of you who didn’t hear it in Trump’s speech, DJT raised $25m in Nashville. His second highest fundraiser ever across three different presidential campaigns. Came from a combo of industry and whales/OGs.
Warren and her goons talked Dems into committing mass seppuku.
— David Bailey?? $0.65mm/btc is the floor (@DavidFBailey) July 30, 2024
During his speech at the event, Trump promised to end the authorities’ war on cryptocurrencies if elected president. He expressed support for mining and the stablecoin segment. The politician reiterated promises to commute the sentence of Silk Road founder Ross Ulbricht and release him, as well as to prevent the creation of a CBDC.
According to The Block, a seat at the Saturday “round table” with Trump cost $844,600, and a photograph no less than $60,000. Participants included Gemini co-founders Tyler and Cameron Winklevoss, blogger Jake Paul, musicians Kid Rock and Billy Ray Cyrus, as noted by Fox journalist Eleanor Terrett.
?NEW: So that eye-popping number turned out to be $25M. @BitcoinMagazine CEO @DavidFBailey confirmed that @realDonaldTrump raised $25M at @TheBitcoinConf fundraiser in Nashville.
Some of the attendees included @tyler, @cameron, @KidRock, @jakepaul and @billyraycyrus. https://t.co/bEGHFQ5x5F
— Eleanor Terrett (@EleanorTerrett) July 30, 2024
The publication reports that Trump’s campaign fund revenue from the conference totaled $21 million, with the final amount including $4 million previously raised in cryptocurrencies.
In June, the Winklevoss brothers contributed $2 million in bitcoin to the Republican candidate’s campaign. Kraken co-founder Jesse Powell donated $1 million “mostly in ETH.” Some amounts were returned due to exceeding the $844,600 limit.
Earlier, Bloomberg noted the hopes of crypto companies for Trump’s election. However, one user pointed out that during his presidency from 2017-2020, there were attempts to ban digital assets, and the head of state criticized cryptocurrencies. In contrast, under Joe Biden’s administration, spot ETFs based on bitcoin and Ethereum were approved, and prosecutions of several projects for securities law violations were halted.
Crypto Score Card
Trump Admin 2017-2020:
-Tried to ban crypto in the USA
-Persoanlly trashed crypto repeatedlyBiden/ Harris Admin 2021-2024:
-Bitcoin ETF Approval
-Etherium ETF Approval
— Security cases dropped.The crypto bro amnesia is a side effect to Trump Devotion…
— Uncle Crypto $BRETT $PEPE $ANDY $TURBO $KASPA $SOL (@last_to_crypto) July 30, 2024
“The crypto enthusiasts’ amnesia is a side effect of Trump devotion syndrome,” concluded the commentator.
Following Biden’s exit from the presidential race, Vice President Kamala Harris emerged as a potential replacement, who is likely to be “much more open” to cryptocurrencies, according to billionaire Mark Cuban.