Former President and 2024 Republican nominee Donald Trump has declared himself a “crypto president” at a tech fundraiser in San Francisco, raising $12 million from tech venture capitalists David Sacks and Chamath Palihapitiya.
Trump’s Support for Cryptocurrency
During the event, Trump emphasized his support for the cryptocurrency sector. Trevor Traina, a tech executive and former Trump ambassador to Austria, relayed that Trump had claimed he would be the “crypto president.” Republican National Committeewoman Harmeet Dhillon, who attended the fundraiser, mentioned that Trump stressed the importance of crypto but did not detail his proposed policies.
Political Support for Crypto
Trump joins a select group of politicians and officials backing cryptocurrency innovation. He has incorporated crypto into his campaign strategy, accepting crypto donations and owning his own cryptocurrency. This move aims to garner support from the cryptocurrency community ahead of the 2024 election.
Crypto’s Role in the 2024 Election
As the 2024 election approaches, the digital asset sector’s influence on political discourse is becoming more prominent. Trump’s embrace of cryptocurrency extends beyond fundraising tactics, becoming a central theme for his supporters. Many investment experts believe Trump’s endorsement of cryptocurrency could significantly impact the sector, potentially leading to new heights if he succeeds in his “crypto president” ambitions.
