Former President Donald Trump said at a Silicon Valley fundraiser on Thursday that he would be a “cryptocurrency president,” but the Biden administration has maintained a staunchly anti-innovation stance.
Trump presented himself as a defender of cryptocurrencies and Bitcoin at a fundraiser hosted by tech venture capitalists David Sachs and Chamath Palihapitiya at Sachs’ home.
While President Joe Biden and Securities and Exchange Commission (SEC) Chairman Gary Gensler have pursued a staunchly anti-cryptocurrency agenda, Silicon Valley and the cryptocurrency industry have warmed to the 45th president.
For example, Biden said in early June Rejected The bill would overturn SEC regulations that require banks to list cryptocurrency holdings on their balance sheets as liabilities.
San Francisco tends to lean left, but many people there are favorable toward Trump.
“President Trump has made it clear that Biden and Gensler’s anti-crypto crusade will stop within the first hour of the inauguration of his second term,” said Jacob Helberg, an adviser to analytics firm Palantir.
Executives from digital currency exchange Coinbase, crypto exchange Gemini founders Tyler and Cameron Winklevoss and other crypto industry leaders attended the fundraising event on Thursday.
Trump also said: accept Bitcoin Lightning Network Donations.
While lawmakers and President Trump have begun to embrace cryptocurrencies, criticism of the burgeoning financial technology industry remains rife.
House Majority Whip Tom Emmer (R-Minn.) said in an interview with Breitbart News in late May that most cryptocurrency opponents are “dinosaurs” and often quite old.
Most of the anti-cryptocurrency camp are:
- Senator Elizabeth Warren (D-Massachusetts) is a progressive who is staunchly opposed to cryptocurrencies. teeth 74 years old.
- Rep. Brad Sherman (D-Calif.) teeth 69 years old.
- Congressman Maxine Waters (Democrat, California) teeth 85 years old.
- President Joe Biden is 81 years old.
- SEC Chairman Gary Gensler is 66 years old.
Trump I have written Late May:
I am very positive and open-minded towards crypto companies and everything related to this new and fast growing industry. Our country must be a leader in this field. There can be no second place. Meanwhile, the worst president in our country’s history, the evil Joe Biden, wants our country to die a slow and painful death. I will never let that happen!
Trump reportedly raised The fundraiser raised $12 million.
Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter. Sean Moran 3.
