Unbelievable things are happening in the United States. Donald Trump, the billionaire, and Republican candidate, announced his intention to become the crypto president. Digital assets will be under strong protection.
During a fundraising event in San Francisco, Trump positioned himself as a defender of virtual assets. He criticized the Democrats' attempts to regulate the crypto industry.
Earlier, at an event for Silicon Valley venture investors in Pacific Heights, Trump raised $12 million.
Leaders from Coinbase, Gemini founders Cameron and Tyler Winklevoss, and other industry figures attended the San Francisco event.
Eoghan McCabe, CEO of Intercom, said some attendees supported the eccentric billionaire. " McCabe summarized that many agreed with Trump on issues like war, immigration, and crypto. The upcoming elections seem to be a referendum on these topics.
Elon Musk, owner of Tesla, SpaceX, and social network X, called Trump's stance interesting. In late May, Bloomberg reported that Musk might join Trump's team as an advisor, including on digital currencies. However, Musk said he had not discussed any potential role in Trump's administration.
In March 2024, Trump stated that he would not interfere with the use of Bitcoin and other digital currencies if he won the presidential election. Trump called Bitcoin an "additional form of currency" that requires "specific regulation."
These statements have boosted Trump's popularity among crypto holders. According to a Paradigm poll, nearly 48% of voters with digital assets are ready to support Trump in the upcoming US presidential election. Meanwhile, 38% prefer Joe Biden, and 13% remain undecided.