Welcome to HODL FM, the only cryptocurrency publication that’s as thrilling as Michael Jackson’s moonwalk dance. 

Here is what we have for you TODAY:

  • U.S presidential hopeful Donald Trump amasses $25M in cryptocurrency donations
  • Trump’s promises at the Bitcoin Conference 2024
  • $844,600 for a crypto roundtable with the former president
  • Republicans Bitcoin push is a bullish signal that helped BTC reclaim $65,000

More: Kamala Harris Campaigns Attempts To Mend Ties With Crypto Sector

Former United States President Donald Trump received $25 million in donations at the Bitcoin Conference,  attracting the likes of Winklevoss twins,legendary songwriter Billy Cyrus, Hollywood actor Jake Paul and musician Kid Rock as donors.

Firing SEC Chair Gary Gensler is One of Trump’s Promises to the Crypto Community

Trump delivered his much anticipated keynote speech where he promised to turbo-charge cryptocurrency innovation and adoption in the U.S once elected as President in the upcoming elections. 

Some of his promises included spearheading a Bitcoin advisory committee tasked with creating transparent and enabling regulations, firing the chairman of the U.S Securities and Exchange Commission, Gary Gensler as well as revamping Bitcoin mining operations in the U.S. The keynote received massive praise among crypto circles who have been contending with restrictive and retrogressive regulatory policies throughout the Biden administration.

Trump’s Roundtable Cost Upto $844,600 Per Person

Bitcoin Conference 2024  guide to rubbing shoulders with a former president 

Meanwhile, if you’re a bitcoiner who dreams of rubbing shoulders with a former president, Bitcoin Conference 2024 was your golden ticket to not only have a roundtable with one but to also take some cute pictures. But first of all, the first prerequisite was having your bags loaded with cryptocurrency.

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Source: naiive

Meanwhile, an entry fee to get into Donald Trump’s private roundtable hit a staggering $844,600 per ticket, with the amount being payable in crypto. Moreover, taking a picture with the presidential hopeful would cost you $60,000 per person or $100,000 per couple. All of these packages helped boost the fundraiser in anticipation of an enabling regulatory environment for the crypto industry if Trump wins the election.

Donald Trump’s Campaign Fundraisers

Domald Trump’s recent appearance at the event is part of his larger strategy to engage with the crypto community. In June alone, his campaign accepted over $4 million worth of cryptocurrency donations from the crypto community.

These donations comprised significant amounts of Bitcoin, Ether, XRP and USDC. It is in the same month that venture capitalists Chamath Palihapitiya and David Sacks hosted the Trump Fundraiser that raised $12 million and among those present included executives from Coinbase and Gemini exchanges.

Final Take

It is evident that the cryptocurrency community is anticipating a Trump administration in the wake of increased industry-wide persecution, including Coinbase, Uniswap, Binance and other crypto businesses facing legal charges filed against them by the SEC. 

More: Senator Warren’s War Against Foreign Crypto Miners

Meanwhile, Senator Cynthia Lummis has proposed a bill that will allow the U.S Treasury to purchase $100 million worth of Bitcoin, which comes amidst proposals to back a section of the U.S dollar reserves in Bitcoin.

Some of these discussions going around in support of Bitcoin are a big win for the industry given that they are happening at a particularly significant time and are being spearheaded by promising U.S leaders at the Bitcoin Conference 2024.

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.

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