TechFlow news, June 16 — According to Decrypt, Trump's campaign co-manager Chris LaCivita said at the Coinbase Crypto Summit that Trump's support for cryptocurrency has become a key factor in his successful 2024 presidential run. LaCivita noted that the crypto issue helped the Republican Party attract voter groups traditionally leaning Democratic, including African Americans, Asian Americans, and young voters. Data shows that 28% of Asian Americans and about 20% of African Americans own cryptocurrency, significantly higher than the 14% among white Americans. The Trump administration has written pro-crypto policies into the Republican platform, pledging to protect Bitcoin miners and ban central bank digital currencies. Meanwhile, political action committees backed by Coinbase and Ripple Labs have spent over $200 million in the 2024 election, boosting the influence of crypto assets in U.S. politics.
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