Bitcoin Conference Organizer to Raise $15M for Trump

The reported fundraiser will come after the Republican National Convention, which delegates are expected to nominate Trump as the party’s presidential candidate

Donald Trump is expected to attend a crypto conference, and it has been reported that one of the organizers intends to host a $15 million fundraiser for his reelection campaign.

According to a July 15 Washington Post report that cites individuals with knowledge of the situation, Bitcoin Magazine CEO David Bailey will host a fundraiser for Trump “later this month.”

This implies that the event will take place at the Bitcoin Conference in Nashville or immediately following it. The fundraiser is scheduled to occur subsequent to the Republican National Convention, where Trump is anticipated to be officially nominated as the party’s presidential candidate.

In the United States, the Republican National Convention and Bitcoin Conference, which will be held amid escalating political tension and violent rhetoric, will be attended by numerous prominent conservatives, industry leaders, and legislators.

On July 13, 20-year-old Thomas Matthew Crooks, a registered Republican, made an attempt to assassinate Trump while he was addressing a throng of supporters at a rally in Pennsylvania.

Before the attempted assassination, Trump had declared his attendance at the crypto conference; however, he subsequently confirmed that he would still be speaking. In May, the former president of the United States was found guilty of 34 felony counts for falsifying business records.

Nevertheless, that conviction may be called into question by a conservative-led Supreme Court opinion issued in July. At the time of publication, Trump’s sentencing was scheduled for September, just weeks before the US election.

Is it possible to “wag the dog” with cryptocurrency?

Trump referred to cryptocurrencies as “not money” and “based on thin air” during his tenure in office from 2017 to 2021. He later referred to Bitcoin as a fraud, but it appeared that he had changed his strategy shortly after announcing his reelection campaign in 2022.

Trump declared that his campaign would accept cryptocurrency and intended to have the residual Bitcoin mined in the United States as the 2024 presidential candidate.

The Republican candidate is anticipated to disclose his choice for vice president at the Republican National Convention on July 15. At the time of publication, Cointelegraph did not receive a response from the Trump campaign.

The names that will be included on the ballots in 2024 are uncertain, and there are 113 days until the US election. Trump is still subject to potential prison time as a result of his criminal conviction, and he was deemed to be liable for sexual assault and fraud in separate civil cases in New York.

Some Democratic strategists and legislators have called for the United States President to resign in order to make way for potential candidates such as Vice President Kamala Harris, following a debate between Trump and Joe Biden on June 27.

Biden is the oldest individual in US history to have ever stood for president, with the potential to serve until 85 if he is elected to a second term. He is currently 81 years old.