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Gulf Press > Uncategorized > Donald Trump is seeking $844,600 for a seat at a Bitcoin event fundraiser.
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Donald Trump is seeking $844,600 for a seat at a Bitcoin event fundraiser.

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Last updated: 2024/07/19 at 7:24 PM
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Former President Donald Trump is set to host a private fundraiser at the Bitcoin Conference 2024, offering various funding options for attendees. The exclusive event is scheduled to take place in Nashville and will feature special guests such as J.D. Vance, Vivek Ramaswamy, and Tulsi Gabbard. Attendance is limited to 100 to 150 donors, making it a sought-after event for those looking to support Trump’s political endeavors.

The fundraiser comes at a time when Trump is scheduled to speak at the Bitcoin Conference on July 27, where he is expected to reveal his latest stance on the crypto industry. According to reports, the funding options for the fundraiser range from $844,600 for a seat at a roundtable to photo opportunities for $60,000 per person or $100,000 per couple. The $844,600 fee for a round-table seat represents the highest allowable joint campaign donation to the Trump campaign and the Republican National Committee under current campaign finance regulations.

During a Bitcoin miners gathering in June, Trump expressed his support for Bitcoin and his opposition to the central bank digital currency (CBDC). He emphasized the importance of Bitcoin mining as a defense against a CBDC and reiterated his stance on prioritizing U.S.-made Bitcoin to enhance energy dominance. The gathering was attended by notable figures in the crypto industry, including Matthew Schultz from CleanSpark, Jason Les and Brian Morgenstern from Riot Platforms, Salman Khan from Marathon Digital, and Amanda Fabiano of Fabiano Consulting.

The Republican Party has shown a favorable attitude towards cryptocurrency, with Wyoming Senator Cynthia Lummis highlighting the potential benefits of maintaining Bitcoin in reserve to strengthen the U.S. dollar. Lummis stated that having Bitcoin as part of the reserves could help the U.S. dollar remain strong, reflecting the party’s broader support for embracing digital assets. Trump’s upcoming fundraiser at the Bitcoin Conference further underscores the Republican Party’s pro-crypto stance and their interest in leveraging blockchain technology for economic and political purposes.

The fundraiser is expected to draw significant attention from donors and industry professionals alike, as it provides a unique opportunity to engage with key figures in both the political and crypto spheres. With the limited number of seats available, attendees will have the chance to interact with Trump and other influential guests in an intimate setting, making it a highly sought-after event within the crypto community. As Trump continues to navigate the evolving landscape of the crypto industry, his participation in the Bitcoin Conference and the accompanying fundraiser signal his ongoing commitment to embracing digital assets and exploring their potential role in shaping the future of finance.

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News Room July 19, 2024
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