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☆ How Trump flipped from bitcoin skeptic to 'crypto president'
▼ + stars: | 2024-07-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Donald Trump was not always a crypto supporter, but he's recently voiced strong support for the industry. Political spending by the industry has made crypto an election issue for both parties, a source told BI. The former president's pro-crypto stance is making bitcoin a "Trump trade," Bernstein said. AdvertisementAt a campaign fundraising event in June, former president Donald Trump styled himself as something that would have seemed unlikely not long ago. "He said he would be the crypto president," tech executive Trevor Traina, who attended the fundraiser, told Reuters that month.

Persons: Donald Trump, he's, Bernstein, —, Trevor Traina, It's, Trump, — Donald J, Joe Biden, it's, Alan Konevsky, Trump's, David Bailey, Konevsky, Biden's, Michael Novogratz Organizations: Service, Reuters, Republican, Fox Business, CNBC, Democratic, Public Citizen, BTC Inc, Congress, Innovation, Technology, Trump, Securities and Exchange Commission

☆ Trump in liberal San Francisco for high-dollar tech fundraiser
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +5 min

(Photo by Eva Marie Uzcategui/Getty Images)Republican presidential candidate Donald Trump will attend a fundraiser hosted by two tech venture capitalists in San Francisco on Thursday, a high-dollar event expected to draw Silicon Valley investors turned off by the Biden administration's policies. Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, said business regulations implemented during Biden's presidency had alienated some people in the tech industry. Trump's campaign raked in record amounts after the guilty verdict last week, and the San Francisco event will add to his coffers. Vance, a potential running mate for Trump who previously lived in San Francisco and worked in venture capital, will attend the event, according to a source familiar with his plans. San Francisco remains a fertile fundraising ground for Democrats.

Persons: Donald Trump, Eva Marie Uzcategui, David Sacks, Chamath, Sacks, Jacqueline, Trump, Democrat Joe Biden, Trevor Traina, Biden's, Biden, Traina, Palihapitiya, Jacob Helberg, Peter, Helberg, Palantir, Peter Thiel, we've, Billionaire Elon Musk, Musk, J.D, Vance, Kamala Harris, Harris Organizations: U.S, Mar, Biden, Venture, Reuters, Democrat, Trump, Republican, San, Democrats Locations: Lago, West Palm Beach , Florida, New York, San Francisco, Francisco, Austria, bitcoin, Silicon, Israel

☆ Here's how a serial founder and former US diplomat raised $25 million to create a crypto superapp — and why it's gotten backing from investors like JetBlue and the Winklevoss twins
▼ + stars: | 2023-03-07 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Kresus, which is building a crypto superapp, has raised $25 million led by Liberty City Ventures. Traina's company, Kresus, has raised $25 million in Series A funding led by Liberty City Ventures, the company's first round of financing, to bring that vision of a crypto superapp to fruition. JetBlue Ventures, Craft Ventures, Franklin Templeton, Salesforce CEO Marc Benioff, and Gemini cofounders Tyler and Cameron Winklevoss also participated in the round. That track record helped win over Liberty City Ventures, whose portfolio includes the Web3 companies Animoca Brands, BlockApps, BitGo, and The Sandbox. James Lang, a managing director at Liberty City, told Insider that the quality of Kresus' team stood out among similar companies he'd reviewed.

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