During the election cycle, three individuals, who were originally from Puerto Rico, allegedly came together to meticulously plan and carry out a highly coordinated scheme. Their main objective was to secure an endorsement from former President Donald Trump for the digital currency, Bitcoin. This scheme involved strategic moves and careful execution to achieve their desired outcome.
The three worked diligently
Amanda Fabiano, a Bitcoin mining expert and head of Fabiono Consulting, Tracy Hoyos-López, a former California prosecutor, and David Bailey, CEO of BTC Inc., effectively persuaded Trump about Bitcoin’s potential, according to CNBC on Monday.
The dedicated trio worked tirelessly and strategically, orchestrating numerous behind-the-scenes conversations and presentations to gradually shift Trump’s perspective on Bitcoin. Through their persistence and persuasive efforts, they successfully transformed Trump from being doubtful about Bitcoin to a vocal advocate, showcasing the power of unity and determination in influencing opinions.
Bailey organized a meeting between Trump and Bitcoin mining experts at his Mar-a-Lago resort, promising $100 million and 5 million votes for Trump’s reelection campaign. Fabiono’s experience in mining added credibility to Trump’s advocacy efforts. Trump’s campaign team did not respond to reporters.
These efforts paid off
Trump, after promoting Bitcoin miners and attending the Bitcoin 2024 conference, pledged to advocate for them in the White House if elected. He emphasized the importance of a strategic national Bitcoin stockpile and aimed to make the U.S. the “crypto capital” of the world.
The cryptocurrency industry has made an extraordinary commitment by contributing a record-breaking $119 million to the upcoming 2024 presidential election. This amount represents a significant 48% of all corporate funds allocated for the election, showcasing the industry’s substantial influence and involvement in the political realm.
Major corporations such as Coinbase and Ripple have sent the majority of this financing to super political action committees (PACs) that support pro-cryptocurrency candidates, making the conference his second-largest fundraiser across three presidential campaigns.
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