Former U.S. President Donald Trump has vowed to put an immediate stop to the anti-crypto policies of current President Joe Biden and SEC Chair Gary Gensler if he is re-elected. This promise was made during a fundraiser in San Francisco on June 6, as reported by Reuters on June 7. The commitment was highlighted by Palantir adviser Jacob Helberg, who referred to the current administration's stance on cryptocurrency as the "Biden-Gensler crusade against crypto."

### Trump as the "Crypto President"

During the event, Trump labeled himself as a "crypto president," according to tech executive Trevor Traina, a former ambassador to Austria under Trump's administration. Harmeet Dhillon, a Republican National Committeewoman, recounted that Trump stressed the importance of cryptocurrency and voiced his support for the sector, though he did not lay out a detailed policy plan for it. He also addressed Democratic Senator Elizabeth Warren’s campaign against cryptocurrency.

The fundraiser, which was organized by venture capitalists David Sacks and Chamath Palihapitiya, successfully raised $12 million. Notable attendees included Gemini co-founders Tyler and Cameron Winklevoss and unnamed executives from Coinbase.

### Trump's Evolving Stance on Crypto

Trump's position on cryptocurrency has seen a notable shift over time. Historically critical of digital currencies, Trump began to show a more favorable attitude earlier this year. In February, he acknowledged the necessity for regulation but also recognized that Bitcoin was gaining traction and being used for payments, indicating a more open stance. By March, Trump stated that he did not intend to prevent people from using cryptocurrencies.

### Increasing Advocacy for Crypto

Trump's advocacy for cryptocurrency became more pronounced at a May 8 event at Mar-a-Lago, where he criticized the Biden administration's policies and urged those who support crypto to vote for him. He emphasized the importance of cryptocurrency in his campaign, which started accepting crypto donations on May 21, following his promise at the event.

### Crypto as a Key Political Issue

Trump’s shift towards supporting cryptocurrency reflects a broader trend in U.S. politics, where digital currencies are becoming a significant issue for voters. Recent surveys have shown that more than 20% of Americans have owned cryptocurrency and consider it an important issue in political discourse.

### Biden Administration's Response

In response to the increasing focus on cryptocurrency, the Biden administration has reportedly started a crypto outreach effort. Around the same time as Trump's pro-crypto push, the SEC's stance on spot Ethereum ETFs began to change, leading to approvals on May 23 that reversed earlier expectations of denials.

### Cryptocurrency's Growing Influence in Politics

The growing importance of cryptocurrency in the political landscape is evident from the recent actions and statements from key political figures. Trump's evolving stance and active advocacy for cryptocurrency signify a recognition of its increasing relevance among voters and investors. His promise to halt the current administration's anti-crypto policies highlights a potential shift in regulatory approaches, contingent on his re-election.

### Fundraiser Highlights and Implications

The San Francisco fundraiser, which raised substantial funds for Trump’s campaign, underscores the financial and political support for a more crypto-friendly stance. The participation of prominent figures from the cryptocurrency industry, such as the Winklevoss twins and Coinbase executives, indicates significant backing from within the crypto community.

### Trump's Commitment to Cryptocurrency

Trump’s remarks at the fundraiser and his promise to end anti-crypto policies immediately if re-elected demonstrate his commitment to positioning himself as a pro-crypto candidate. This shift in stance, along with his campaign’s acceptance of crypto donations, aligns with the broader trend of increasing political and public interest in digital currencies.

### The Future of Crypto Regulation

The ongoing debate over cryptocurrency regulation is likely to remain a critical issue in U.S. politics. Trump's recent statements and actions suggest a potential move towards more favorable regulatory policies for cryptocurrencies, contrasting with the current administration’s more cautious approach.

### Conclusion

Donald Trump’s promise to halt Biden and Gensler's anti-crypto policies if re-elected marks a significant development in the political discourse surrounding cryptocurrency. His evolving stance, coupled with increasing public and political interest in digital currencies, highlights the growing influence of cryptocurrency as a major political issue. The fundraiser’s success and the involvement of key figures from the crypto industry underscore the strong support for a pro-crypto approach. As the 2024 election approaches, the debate over cryptocurrency regulation will likely intensify, with significant implications for the future of digital currencies in the United States.