Trump Vows to Be the ‘Crypto President’ at Fundraiser Event

Last Updated on June 10, 2024

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Giant puppet representing US President Donald Trump is seen in Recife. Source: travelview -

Key Takeaways:

  • Donald Trump, campaigning for the 2024 presidency, has positioned himself as a strong advocate for cryptocurrency, aiming to become the “crypto president.”
  • At a fundraising event in San Francisco, Trump announced his plans to advance the crypto industry, raising $12 million for his campaign.
  • Trump criticized the Democratic Party’s regulatory approach to crypto, calling it excessively harsh.

Former U.S. President Donald Trump has increased his advocacy for cryptocurrency as part of his 2024 presidential campaign, aiming to become the “crypto president.”

At a fundraising event in San Francisco hosted by Craft Ventures’ David Sacks and tech billionaire Chamath Palihapitiya, Trump reportedly declared his intention to push the crypto industry forward, raising $12 million for his campaign efforts.

He criticized the Democratic Party’s approach to crypto regulation, which he claims is excessively harsh.

This stance follows recent support from Trump for the crypto industry, including his assertion that the U.S. must lead in the crypto field.

Meanwhile, President Joe Biden faced backlash from the crypto community after vetoing a resolution that would have overturned the SEC’s controversial crypto accounting guidelines.

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