Former President Donald Trump said at a Silicon Valley fundraiser on Thursday that he would be a “crypto president,” while the Biden administration has been staunchly anti-innovation.
Trevor Traina, a Silicon Valley tech executive and former Trump ambassador, said, “He said he would be the crypto president.”
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.



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