Donald Trump Promises To Be 'President Of Crypto': Political Strategy Or Is The Financial Revolution?

Donald Trump promised to be 'President of Crypto' (Photo; Doc. History)

JAKARTA - Former President Donald Trump surprised many with his new commitment to the crypto world. At a fundraising event held in San Francisco, Trump promised to become a crypto president' who would support the development of the industry. Events attended by well-known tech figures such as David Sacks of Craft Ventures and Chamath Palihapitiya, managed to raise funds of 12 million US Dollars (around Rp195 billion), signaling strong support ahead of the US presidential election on November 5.

According to CryptoNews information, Trump affirmed his commitment to supporting the development of the crypto industry, while warning about the potential for strict regulation from the Democratic Party. Trump's support for crypto is in line with a broader strategy to differentiate itself from current government policies. President Joe Biden recently received criticism from the crypto community after veto-resolution seeking to cancel the Staff Accounting Bulletin (SAB) No. 121 from the US Securities and Exchange Commission (SEC), which requires institutions that store crypto assets to record them as obligations on their balance sheets.

Trump insists that the United States should take the lead in the crypto sector, announcing that its presidential campaign will accept donations in the form of crypto assets. The fundraising page that allows individuals to donate using Coinbase Commerce features the Bitcoin, Ethereum, Dogecoin, Shiba, XRP, USD Coin, SOL, and 0x (ZRX) logo. Trump also promised to grant presidential amnesty to Ross Ulbrichtt, founder of Silk Road, if re-elected in the upcoming November elections.

The survey by Harris Poll showed that one in three voters in the US considered candidate attitudes towards crypto before deciding their choice. Another survey by leading crypto venture capital firm Paradigm showed that Trump's numbers of support for the 2024 US Presidential Election enjoyed significant support from the crypto community, with 48% of crypto owners planning to elect Trump, while 39% intend to elect the current US President, Joe Biden.