Three Puerto Rican residents, Amanda Fabiano, Tracy Hoyos-López, and David Bailey, played crucial roles in shifting Donald Trump from a Bitcoin skeptic to a supporter. Their efforts culminated in Trump attending the Bitcoin Conference in Nashville and promising to fire SEC boss Gary Gensler upon winning the election.
Amanda Fabiano, famously known as the shadow chief of Bitcoin miners, brought her extensive experience in mining operations, framing Bitcoin as a credible enterprise. Tracy Hoyos-López, a former California prosecutor, underscored the legal stability and mainstream acceptance potential of cryptocurrencies.
David Bailey, who organized the Nashville Bitcoin conference, contributed by maintaining dialogue with Trump’s campaign since March, promising around $100 million in donations from the crypto sector. This trio's discussions over Memorial Day weekend led to a strategic meeting on crypto mining.
By mid-June, Trump agreed to host a 90-minute roundtable at Mar-a-Lago with top crypto executives, marking his significant shift towards embracing the crypto industry. Fabiano noted that the roundtable highlighted the industry's financial and societal benefits, influencing Trump's stance.
Trump is now more engaged with cryptocurrencies than ever, accepting crypto donations and supporting self-custody. His inner circle, including family members, are also crypto enthusiasts. His campaign reportedly raised around $25 million during the Bitcoin conference.
Despite his pro-crypto stance, Trump faces stiff competition from Kamala Harris, who is also appealing to the crypto community. The crypto industry has donated over $119 million, backing candidates who support cryptocurrency adoption.
