At a fundraising event in San Francisco, former United States President and presidential candidate Donald Trump proclaimed himself as the “President of Crypto.” The gathering, which brought together key figures in the technology industry, saw the presence of notable venture capitalists such as David Sacks and Chamath Palihapitiya, who were instrumental in organizing the event. This occasion not only served as a platform for fundraising but also for Trump to make impactful statements regarding his vision for the future of cryptocurrencies.
“We are witnessing a pivotal moment in history. I am ready to lead as the president of crypto,” Trump declared, emphasizing his dedication to the advancement of this burgeoning sector. His remarks came in the context of criticism towards Democrats, whom he accused of attempting to impose excessive regulations that could impede the growth of the digital asset market.
During his address, Trump reiterated his unwavering support for the cryptocurrency industry, vowing to implement policies that would nurture its growth. “Backing cryptocurrencies is not just an option, it is imperative for our country’s progress,” he stated, affirming that if re-elected, he would actively champion cryptocurrency companies and the industry as a whole.
Furthermore, Trump disclosed that his campaign was now accepting donations in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB), making him the first presidential candidate in the November election to do so. This move not only underscores his commitment to the sector but also signals his intention to integrate these technologies more deeply into his government agenda.
In his address, Trump criticized the current regulatory landscape, labeling it as restrictive and detrimental to business growth in the United States. “This is a nascent and thriving sector that requires space to flourish, not constraints that stifle innovation,” he remarked, echoing the sentiments of many cryptocurrency enthusiasts.
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