Trump made his case as a champion for cryptocurrencies and Bitcoin during a fundraiser hosted by tech venture capitalists David Sachs and Chamath Palihapitiya at Sacks’s home.
Silicon Valley and the cryptocurrency industry have warmed to the 45th president as President Joe Biden and Securities Exchange Commission (SEC) Chairman Gary Gensler have pushed staunchly anti-crypto policies.
For instance, Biden in early June vetoed a bill that would have overturned an SEC regulation that would have forced banks that have cryptocurrencies on their balance sheets to be listed as a liability.
Even though San Fransisco has trended leftist, many have warmed to Trump.
“President Trump made clear that the Biden-Gensler crusade against crypto will grind to a halt within one hour of a second Trump administration,” Jacob Helberg, an advisor to analytics firm Palantir, said.
Read More…..Trump Vows to Be ‘Crypto President’ at Silicon Valley Fundraiser (breitbart.com) By Sean Moran
