Donald Trump stated at the event that he wanted to be the president of crypto and managed to raise $120 million.
Based on a recent Reuters report, the ex-president of the United States, Donald Trump, is quite serious about supporting crypto for his 2024 presidential campaign. His current aim is to become “crypto president.”.
Sources well-known about the matter reported on June 7 that at the fundraiser in San Francisco, Trump stated that he desires to become “crypto president.”. Tech billionaire Chamath Palihapitiya and his partner at Craft Ventures, David Sacks, presented at that event.
Trump collects $12 million for the support of his promotion before the election in the U.S. on November 5th, with the help of the event.
Trump said again that his goal is to support crypto and help it grow. He also highlighted that the Democratic Party wants to make a strict rule in the crypto world known as “regulation-by-enforcement.”.
After Biden’s Cryptic Crypto Decision, the Claim Arises
Joe Biden, the president of the United States, came under fire one week after he vetoed a resolution, which caused the cryptocurrency industry to take offense.
The resolution sought to overturn the controversial Staff Accounting Bulletin (SAB) No. 121 of the U.S. Securities and Exchange Commission (SEC) about accounting in the crypto sector. According to these regulations, organizations that own crypto must list it as a liability on their balance sheets.
This happens after Trump shows his support for crypto publicly indicating his fondness for the crypto sector.
A famous news website reported on May 26 that Trump wants the US to be the best in the crypto world.
On May 25, in a post on Truth Social, a social media site run by Trump Media and Technology Group, Trump stated:
“Our country must be the leader in the field, there is no second place.”
He further said:
“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry.”
