Trump Fundraiser Hauls In MASSIVE Total In Deep-Blue San Francisco

Former President Donald Trump made significant fundraising strides in Silicon Valley on Thursday night, marking a notable encroachment into a traditionally Democratic stronghold. The event, co-hosted by billionaire investor David Sacks and venture capitalist Chamath Palihapitiya, punctuated Trump’s expanding influence among affluent donors from tech and Wall Street sectors.

Thursday culminated in a substantial financial boost, with Trump raising a reported $12 million from tech executives, according to Yahoo Finance. The event marked a strategic push into what has historically been a stronghold for Democratic donors and attracted an elite crowd of tech executives, venture capitalists, and cryptocurrency leaders, who paid ticket prices ranging from $50,000 to $500,000.

Known for its liberal leanings and substantial financial contributions to the Democratic Party, Silicon Valley saw what Messari CEO Ryan Selkis calls a “breach” in the “Blue Wall of Tech.” Selkis, a prominent figure in the cryptocurrency industry, attended the event and shared his excitement online, posting a photo with Trump and dubbing the gathering an “Electric event!”

The Blue Wall of Tech has been breached.

Thank you @DavidSacks for leading the charge, and making it feel safer for tech leaders to support President Trump this year.

Standing room only, electric event! https://t.co/bygzWbV1m2 pic.twitter.com/BW9SR0S7An

— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) June 7, 2024

Former vice chairwoman of the California Republican Party, Harmeet Dhillon, wrote on X: “$12M raised tonight! Incredible support for @realDonaldTrump. Thrilled to see the tech leaders stepping up!”

$12M raised tonight! Incredible support for @realDonaldTrump. Not an empty seat in the gorgeous home of @DavidSacks and Jacqueline. Thrilled to see the tech leaders stepping up! pic.twitter.com/r4LIbrh4nA

— Harmeet K. Dhillon (@pnjaban) June 7, 2024

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The fundraiser’s success is particularly noteworthy given the backdrop of strained relations between Silicon Valley and the Trump administration during his presidency. His policies on immigration and trade were often at odds with the interests of the tech industry. However, the fundraising event suggests a recalibration of these relationships, as influential tech figures appear more open to dialogue and support for Trump’s initiatives and potential re-election campaign.

New York Times reporter Teddy Schleifer noted that Tyler and Cameron Winklevoss were also present at the event and received personal recognition from Trump. Moreover, the presence of crypto leaders at the event highlighted a renewed interest in fostering a more favorable regulatory environment for cryptocurrencies and blockchain technology. The sector has faced significant challenges, such as regulatory crackdowns and market volatility, and is keen on a political climate that could offer stability and growth opportunities.

Trump at tonight's fundraiser in San Francisco joked that both Tyler and Cameron Winklevoss, who were in attendance, should be credited for *actually* founding Facebook, per source.

cc: @finkd

— Teddy Schleifer (@teddyschleifer) June 7, 2024

Trump aims to maintain his fundraising momentum, leveraging his ability to draw substantial contributions from wealthy donors and energize his grassroots supporters. Meanwhile, Biden’s campaign will need to bolster its efforts to match Trump’s financial firepower and sustain its grassroots appeal. April 2024 was a month of financial triumph for Trump, as he outstripped Joe Biden in fundraising by a substantial margin.

Many crypto leaders in the house, including from Coinbase and other companies.

— Harmeet K. Dhillon (@pnjaban) June 7, 2024

After being found guilty on multiple counts of falsifying business records, Trump’s campaign witnessed an unprecedented spike in fundraising. The guilty verdict appeared to mobilize his base, resulting in a surge of support and record-breaking contributions. In just one day following the conviction, Trump’s campaign amassed $34.8 million, setting a new single-day fundraising record on the platform WinRed.

The figure not only doubled their previous record but also significantly eclipsed the amount raised immediately after his 2023 mug shot was released following an indictment in Atlanta. As Trump continues to mobilize support for his political ambitions, the support from Silicon Valley’s tech and crypto leaders could play a critical role in shaping his strategies and policies.

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