Donald Trump, the former U.S. President and presidential candidate, has promised to become known as “the crypto president” if he is re-elected. He has vowed to put an end to the anti-crypto policies put in place by Joe Biden and SEC Chair Gary Gensler, stating that their policies will be stopped within the first hour of a potential second Trump administration.
During a fundraising event in San Francisco hosted at billionaire David Sacks’ residence in Pacific Heights, Trump expressed his support for cryptocurrency and criticized the regulatory efforts of the Democratic party. The event, co-hosted by venture capitalist Chamath Palihapitiya, raised $12 million and was attended by prominent figures in the crypto industry, including executives from Coinbase and the Winklevoss twins from Gemini.
Trump has been actively engaging with the crypto sector and has pledged to prevent President Biden’s attempts to stifle the industry, ensuring that the U.S. remains a key player in shaping the future of cryptocurrencies. Chris Giancarlo, former chairman of the CFTC, has referred to Trump as “America’s first crypto president” due to his administration’s approval of bitcoin futures ETFs.
In response to the SEC’s strict approach to regulating the crypto industry under Chair Gensler, Trump’s adviser Jacob Helberg quoted him as saying that the Biden-Gensler crackdown on crypto would come to a halt in the event of a second Trump administration.
What are your thoughts on Donald Trump positioning himself as the crypto president? Share your opinions in the comments below.
