Pro-Bitcoin Donald Trump Declares Himself “Crypto President”
Highlights
- Former US President Donald Trump has warmed up to crypto again
- In a San Francisco event, he declared himself the Crypto President
- The elections is gradually becoming a crypto battleground
Pro-Bitcoin Presidential Candidate, Donald Trump has declared himself the “Crypto President” as he looks to deepen his stance with the fast-growing ecosystem.
Donald Trump Supports Crypto Companies
The 45th President of the United States Donald Trump was in San Francisco on Thursday for a fundraiser. While giving his speech, Trump trolled Democrats for trying to regulate the digital asset sector. In addition, he named himself the champion of cryptocurrency.
According to Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, Donald Trump said “he would be the crypto president.”
Trump’s statement comes as he raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya. In the last few months, Trump has remained at the forefront of crypto activities, boosting his way through in preparation of the November elections. He has seized his campaign as an opportunity to proclaim his love for cryptocurrencies.
Beyond saying he would support the new asset class, Trump recently announced that he started receiving donations for his campaign in cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Shiba Inu (SHIB) and others. So far, this makes him the first candidate in the upcoming elections that is receiving crypto donations and contributions.
Two weeks ago, the Republican openly vowed to support crypto companies and the companies operating in the broader crypto ecosystem if he is re-elected as president.
He identified the huge efflux of businesses from the United States due to the strict regulatory framework prevalent in the region. Donald Trump described the nascent ecosystem as a “new and burgeoning industry.” This description resonates with many who believe that it shows a true understanding of the industry.
Biden or Trump For President?
Meanwhile, President Joe Biden who is Donald Trump’s main opponent in the November elections, challenged the Republican’s crypto stand by devising his own crypto outreach plan.
Biden has reached out to a few crypto industry leaders, seeking guidance on working crypto policies moving ahead. Even with his administration’s proactiveness including the approval of spot Ethereum ETFs, many crypto observers believe that Trump stands a better chance at winning the Presidency than Biden.
Nayib Bukele, the pro-Bitcoin President of El Salvador, recently expressed confidence in Trump’s ability to win the 2024 US Presidential elections.
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