|
Politics
|
Tech Leaders Back Trump for Bitcoin's Benefit
2024-07-17 23:55:09
Politics
Tech
Blockchain

Tech Leaders Back Trump for Bitcoin's Benefit

Silicon Valley's tech elite, including Andreessen, Horowitz, Musk, and others, pledge support for Trump's 2024 campaign, primarily to boost the crypto industry. With endorsements and financial contributions, they aim to leverage Trump's policies for favorable bitcoin conditions.

Mark Cuban highlights the CEOs' 'Bitcoin play,' focusing on tax benefits and regulatory ease under Trump. The alliance targets crypto-centric PACs, opposes anti-crypto candidates, and anticipates a surge in BTC value.

Trump's commitment to defending bitcoin mining further solidifies the tech leaders' backing. Additionally, job growth and Mt. Gox's Bitcoin repayments contribute to the narrative, reflecting the intersection of politics and cryptocurrency in the upcoming election.

Related news on that topic:

The Future of Crypto in U.S. Politics

J.D. Vance's potential VP role under Trump could usher in a new era for crypto, with his legislative actions and tech-savvy image. Biden is urged to support clear crypto regulations to counter Trump's growing appeal. Crypto emerges as a wildcard issue for the upcoming Biden-Trump debate, with both candidates evolving their views. Mark Cuban sees Silicon Valley's support for Trump as a 'Bitcoin play'. Meanwhile, Trump considers Bitcoin critic Jamie Dimon for the US Treasury. Vitalik Buterin warns against solely backing 'pro-crypto' candidates, emphasizing broader policy considerations. The debate over crypto regulation and its impact on the U.S. economy is set to shape the political landscape as the 2024 elections approach.

Crypto Becomes Key Issue in 2024 US Election

Crypto has become a battleground issue in the 2024 US presidential election, with both the Biden administration and former president Donald Trump vying for the support of the crypto industry. The Biden team has been engaging with crypto industry stakeholders, while the Democratic Party has shown hostility toward the industry. Trump, on the other hand, has announced his attendance at the annual Bitcoin Conference, indicating a pro-crypto stance. This shift in political landscape has led to pressure on Biden to adapt his stance on crypto, with the Republican National Committee officially adding pro-crypto language to their platform. The Ethereum co-founder, Vitalik Buterin, has warned against blindly supporting 'pro-crypto' candidates, urging a scrutiny of their broader policies. Additionally, the crypto industry has poured millions of dollars into the US election, further highlighting the importance of crypto in the political landscape. Overall, the 2024 US election is shaping up to be a defining moment for the crypto industry and its regulatory future in the country.

Read 3 more recent news on this topic

The press radar on this topic:

Inc.com
16. Juli 2024 um 21:11

Marc Andreessen and Ben Horowitz to Join Elon Musk on Trump's Bandwagon, Pledging Votes and Financial Support

Technology
Politics
Finance
Tech leaders Andreessen, Horowitz, Musk, Ackman, and Winklevoss brothers plan to financially back Trump's 2024 bid. Andreessen Horowitz has funded Fairshake PAC and American Dynamism. Crypto figures criticize SEC Chair Gensler, aligning with Trump's pro-crypto stance. Investor Mark Cuban warns GOP leniency on crypto could cost Democrats votes in November election. Musk endorsed Trump after the former president was almost assassinated.
The Guardian
17. Juli 2024 um 17:20

Co-founders of Silicon Valley venture capital firm back Trump’s presidential bid

Politics
Economy
Technology
Finance
Andreessen Horowitz co-founders Horowitz and Andreessen have endorsed Trump's re-election, citing his crypto support and regulatory concerns. They've donated over $24m, much to the crypto-focused Fairshake PAC, the second-largest after the pro-Trump MAGA PAC. A16Z has backed major tech firms like Facebook, Instagram, and Airbnb. The crypto campaign opposed leftist Congresswoman Katie Porter's Senate bid. Horowitz previously described A16Z as "non-partisan, one-issue voters" focused on supporting..
CoinDesk
17. Juli 2024 um 16:44

'It's a Bitcoin Play': Mark Cuban Says Silicon Valley's Embrace of Trump Revolves Around Crypto U.S. Adds 206K Jobs in June; Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

Finance
Politics
Economy
Mark Cuban says Silicon Valley's support for Trump's presidential bid is a 'Bitcoin play' to benefit the crypto industry, citing easier SEC regulation under Trump, potential for BTC price acceleration, Mt. Gox repayments in Bitcoin and Bitcoin Cash, U.S. job growth in June, Andreessen Horowitz's crypto arm, Coinbase's Fairshake PAC supporting pro-crypto candidates, Trump's VP pick J.D. Vance's ties to Silicon Valley, and Cuban's view on BTC becoming a 'global currency'.
The Street
31. Juli 2024 um 14:46

Why are so many CEOs endorsing Trump? It's a 'bitcoin play,' Mark Cuban says

Politics
Economy
Technology
Finance
Shark Tank's Mark Cuban says tech CEOs like Elon Musk, Gemini founders, and Palantir co-founder are endorsing Trump to benefit bitcoin through lower taxes, tariffs, and dollar uncertainty, not Trump's crypto support. Trump has shifted, now pledging to defend bitcoin mining and headlining bitcoin conference in Tennessee.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact