David Bailey, CEO of Bitcoin Magazine, successfully lobbied former U.S. President Donald Trump and his representatives to attend the upcoming Bitcoin Conference in Nashville, Tennessee, with promises of a $15 million fundraiser, according to a new report from the Washington Post.
The Bitcoin Conference, scheduled to run from July 25 to 27, is one of the largest gatherings in the cryptocurrency world. Trump’s speech, slated for 2 p.m. CT (19:00 UTC) on the final day of the event, has generated considerable buzz within the crypto community. The former president will share the stage with other influential political figures, including presidential candidate Robert F. Kennedy Jr., former presidential candidate Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn.
The Washington Post reported that at least two donors who discussed cryptocurrency issues with Trump indicated that he pledged to support the industry despite admitting to not fully grasping its complexities. This shift in attitude aligns with Trump’s recent declarations about the potential of the crypto community and his plans to take advantage of it if he returns to the presidency.
RELATED: Trump Vows to Make U.S. a Global Crypto Leader at 2024 Libertarian National Convention
Kyle Samani, a prominent figure in the crypto space, told the Washington Post that many crypto enthusiasts are single-issue voters with significant financial resources, actively seeking a candidate to champion their cause. He emphasized that Trump and his team are keenly aware of this potential and are eager to capitalize on it.
The report also noted that senior White House officials have recently met with executives of crypto companies and industry stakeholders to address various concerns, although the specifics of these discussions remain undisclosed.
This isn’t the first donation Trump will receive from the cryptocurrency community. Earlier, Jesse Powell, co-founder and chairman of cryptocurrency exchange Kraken, announced a $1 million donation in Ethereum (ETH) to support the former president’s-campaign in the ongoing United States presidential election. Powell shared this information on social media on June 28, 2024, expressing his dissatisfaction with the current state of the cryptocurrency industry in the U.S.
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