Gushiken Yona
Crypto advocates and billionaires and Elon Musk and Justin Sun have announced their endorsements of former President Donald Trump shortly after reports emerged that Trump had been shot at a rally in Pennsylvania. Musk and Sun’s support highlights a significant political shift and underscores Trump’s growing influence within the tech and cryptocurrency industry.
Just minutes after videos surfaced on X showing former President Donald Trump being shot at his rally in Pennsylvania, Musk took to social media to declare his full endorsement of the Republican candidate. “I fully endorse President Trump and hope for his rapid recovery,” Musk stated in an X post following the incident.
Earlier, Bloomberg reported that Musk, who has been increasingly critical of U.S. President Joe Biden, donated a substantial sum to America PAC, a political group supporting Trump’s campaign. While the exact amount remains undisclosed, sources indicate it was “a sizable amount.” America PAC, which can receive unlimited contributions for political activities, is set to disclose its donor list on July 15.
In addition to Musk, Sun, founder of the TRON network, also announced his support for Trump. In an X post following the rally incident, Sun said, “As the election approaches, I fully endorse President Trump 🇺🇸 and hope for his speedy recovery. He is a better choice for the crypto industry and can ensure fairer treatment.”
Trump’s pro-cryptocurrency stance has earned him significant backing from industry leaders. He is the first candidate to accept cryptocurrency for political campaign donations, including Shiba Inu. His commitment to bolstering Bitcoin and promoting it as “Made in America” has resonated within the crypto community. This approach has also pressured the current administration to reconsider its stance on cryptocurrency and the SEC’s rigorous enforcement actions against several crypto businesses and executives.
Moreover, Trump’s promise to boost Bitcoin and ensure it is “Made in America” has struck a chord with many in the industry. This pledge not only supports the domestic crypto mining industry but also aims to bring more blockchain-related jobs and investments to the United States. These commitments are particularly significant at a time when the current administration has been perceived as antagonistic towards the crypto sector.
Last month, the Winklevoss twins, founders of the crypto exchange Gemini, donated 30.94 Bitcoin (worth $2 million) to Trump’s campaign. This was followed by a contribution from Kraken co-founder Jesse Powell.
Read More
- Crypto Revolution: Trump Vows to Unleash Cryptocurrency from Biden’s Shackles
- Trump Breaks New Ground: First Major Candidate to Accept Shiba Inu and Other Cryptocurrency Donations
- Winklevoss Twins Donate $2M in BTC to Trump Campaign to End Joe Biden’s ‘War on Crypto’
Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
