The winner of the process was Trump because his pro-cryptocurrency stance has already benefited him greatly. More will follow. Donald Trump promised almost everything a US Presidential Candidate could promise in front of thousands of people. There was no trace of his previous anti-cryptocurrency stance. He knows this will benefit him.
Donald Trump and Bitcoin
On Saturday, Trump said very nice things that made cryptocurrency investors extremely happy. He promised to do the exact opposite of what Biden has been doing for years while chanting slogans of freedom for Bitcoin. He even said he would remove Gensler from his position on his first day in office. This means that if the favorite presidential candidate is elected, cryptocurrency investors will have the support of the US government.
Trump made it clear that he hasn’t completely abandoned his old habits by saying, “you are free to play with whatever you want.” Still, all these promises were rewarded, and they were. At the Bitcoin 2024 Conference, a total of $25 million in election donations was collected. When this figure is read together with the donations made by the crypto PAC, it shows that crypto donors will leave their mark on the November elections. Tyler Winklevoss and his brother, KidRock, Jake Paul, and Billy Ray Cyrus were among the leading donors.
Fairshake, the political action committee (PAC) led by Coinbase, raised more funds than all groups, including Make America Great Again Inc, supported by Republican presidential candidate Donald Trump. Fairshake is in first place with $202 million. So, politicians have many reasons to be crypto-friendly. Moreover, this figure does not include the recent $25 million in crypto support and individual donations.
