Reported 6 months ago
Republican presidential candidate Donald Trump positioned himself as a proponent for cryptocurrency and criticized the Democrats' efforts to regulate the sector during a San Francisco fundraiser where he raised $12 million, hosted by tech venture capitalists David Sacks and Chamath Palihapitiya. Trump emphasized his support for the crypto industry without specifying his policy, contrasting against President Biden who signed an executive order in 2022 to guide the responsible growth of digital assets. Trump's stance drew support from prominent venture capitalists and crypto investors in the liberal-leaning city, with his administration promising to halt the current regulation push against crypto if reelected.
Source: YAHOO