According to a recent report by Reuters, former President of the United States, Donald Trump, is ramping up his support for cryptocurrency as part of his 2024 presidential campaign. He is now aiming to be known as the “crypto president.” Trump made this declaration at a fundraising event in San Francisco, organized by David Sacks, a general partner at Craft Ventures, and tech billionaire Chamath Palihapitiya. The event helped Trump raise $12 million for his campaign leading up to the U.S. election on November 5.
During the event, Trump reaffirmed his commitment to the cryptocurrency industry and his plans to drive it forward. He also criticized the Democratic Party’s proposed strict regulations, which the industry refers to as “regulation-by-enforcement.” This statement comes after President Joe Biden faced criticism from the crypto industry for vetoing a resolution that would have challenged controversial crypto accounting guidelines set by the U.S. Securities and Exchange Commission.
Trump has been vocal about his support for the cryptocurrency industry in recent public statements. He emphasized the importance of the U.S. being a leader in the field and not settling for second place. Trump’s positive stance on cryptocurrency companies and the industry as a whole was also evident in his social media posts on Truth Social, a platform owned by Trump Media and Technology Group.
In other news, a documentary about the collapse of FTX with a price tag of $2,500 is set to be released on Amazon Prime, with assistance from the filmmaker’s mother.