Donald Trump looks to solidify support from the crypto world with a speech before thousands of bitcoin enthusiasts in Nashville.
An unlikely alliance backing Donald Trump has emerged as a new political force in 2024: crypto libertarians and some vocal tech-world figures from Silicon Valley .
At the same time, some figures from Silicon Valley have been making it clear that they like Trump's support for the crypto industry.The White House, Horowitz said, has "basically subverted the rule of law to attack the crypto industry." A range of other politically themed speakers came to Bitcoin 2024, including Robert F. Kennedy, Jr. The long-shot candidate spoke Friday and announced a plan to use the government to build a reserve of at least 4 million bitcoins.
Its regulatory wish list ranges from tax cuts and stablecoin legislation to rules that distinguish which crypto tokens are securities and therefore fall under the scrutiny of the SEC. The crypto world also wants the SEC to curtail its aggressive crackdown on the industry. As for what the current administration could do quickly to get a second look from the community, Traina offered something simpler: "Biden should fire Gensler."There is also a sense that Trump’s growing appeal within the crypto community and in Silicon Valley more broadly is due to a range of other issues.
Silicon Valley Kamala Harris Ben Horowitz Getty Images Crypto Community Trump's Campaign Bitcoin Miner Jayson Browder Trevor Traina Marc Andreessen Bitcoin Miners David Bailey
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Donald Trump Will Walk On Stage Tonight With Big Silicon Valley Money Behind HimMatt Shuham is a reporter on the HuffPost national desk. You can reach him at matt.shuhamhuffpost.com, mattshuhamprotonmail.com, or via Signal, WhatsApp and Telegram at 646-397-4678.
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