Republican presidential candidate Donald Trump presented himself as a champion for cryptocurrency and slammed Democrats’ attempts to regulate the sector during a San Francisco fundraiser on Thursday, three sources present told Reuters. Trump raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks’ home in the swanky Pacific Heights neighborhood.
Trump touted crypto as important and stressed that he was very supportive of the sector, said Republican National Committeewoman Harmeet Dhillon. The White House under Biden has also said that it is eager to work with Congress to develop a regulatory framework for cryptocurrencies.
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