Republican presidential candidate and former US President Donald Trump gestures during a Turning Point USA event at the Dream City Church in Phoenix, Arizona, US, on June 6, 2024.SAN FRANCISCO - 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 June 6, three sources present told Reuters.
The crypto industry is increasingly trying to influence US politicians as it faces heightened scrutiny from regulators, especially since bankruptcies at major crypto firms in 2022 spooked investors, exposed fraud and misconduct, and left millions of investors out of pocket. Mr Biden signed an executive order in 2022 aimed at ensuring the responsible development of digital assets, which led to reports urging regulators such as the Securities and Exchange Commission and the Commodity Futures Trading Commission to issue guidance and rules to address risks in the crypto ecosystem.
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