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Donald Trump Raises $12M at Crypto-Focused Fundraiser, Eyes "Crypto President" Title

The sold-out gathering, with top tickets at $500,000 per couple, raised about $12 million, according to sources including Republican National Committeewoman Harmeet Dhillon.

Image Source: Donald Trump (Wikimedia Commons)
  • Donald Trump intensified his cryptocurrency advocacy, raising $12 million from Silicon Valley investors.
  • Top executives from Coinbase and investors like the Winklevoss twins attended a sold-out fundraiser.

Former United States President and current leading Republican presidential candidate, Donald Trump, has been a long-time crypto advocate, and his support for cryptocurrency has become more vocal as the presidential election approaches. 

Recently, Trump has intensified his cryptocurrency advocacy as part of his 2024 presidential campaign, declaring his aim to become the "crypto president." 

According to a Reuters report, Trump raised $12 million on Thursday at an event in San Francisco hosted by tech venture capitalists. The event, attended by Silicon Valley investors dissatisfied with the Biden administration's policies, was held at the luxurious Pacific Heights mansion of venture capitalist David Sacks, his wife Jacqueline, and Chamath Palihapitiya.

Trevor Traina, Chief Business Officer of Tools for Humanity and former Trump ambassador to Austria, told Reuters that Trump proclaimed his intention to be the "crypto president" during the fundraiser.

The gathering, with top tickets priced at $500,000 per couple, was sold out, a source familiar with the fundraiser told Reuters. It raised approximately $12 million, according to Republican National Committeewoman Harmeet Dhillon and another source.

Executives from crypto exchange Coinbase, crypto investors Tyler and Cameron Winklevoss, and other crypto leaders were in attendance, Dhillon added. Trump discussed how Senator Elizabeth Warren, who has warned about crypto being used by scam investors and criminals, is "going after crypto," according to Dhillon.

On May 8, Donald Trump expressed his support for cryptocurrency at an event for Trump NFT holders at his Mar-a-Lago resort in Florida. NFT creator and influencer Frank Degods posted several videos on X (formerly Twitter) showing Trump informing NFT buyers that he plans to accept campaign donations in crypto.

Edited by Harshajit Sarmah