- Trump raises $12 million
- Crypto industry seeks influence amid regulatory scrutiny
SAN FRANCISCO, June 7 (Reuters) – 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.
The crypto industry is increasingly trying to influence U.S. 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.
Trump touted crypto as important and stressed that he was very supportive of the sector, said Republican National Committeewoman Harmeet Dhillon.
Dhillon said Trump, who is running to unseat Democratic incumbent Joe Biden in a Nov. 5 election, did not offer specifics on his proposed crypto policy.
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