Three Puerto Rican residents—Amanda Fabiano, Tracy Hoyos-López, and David Bailey—have played a crucial role in transforming Donald Trump from a skeptic to an advocate of Bitcoin. Their efforts particularly shone through in getting Trump to speak at the Bitcoin Conference in Nashville, where his speech marked a notable shift in his stance towards cryptocurrency.
Amanda Fabiano, often referred to as the shadow chief of Bitcoin miners, utilized her extensive experience in managing mining operations to add legitimacy to Bitcoin’s credibility.
Tracy Hoyos-López, a former prosecutor from California, brought her legal expertise to the table, underscoring the potential for Bitcoin’s mainstream acceptance and regulatory stability.
David Bailey, a key organizer of the Nashville Bitcoin Conference, has been instrumental in maintaining ongoing dialogue with Trump’s campaign since March. He reportedly promised around $100 million in donations from the crypto sector, highlighting its significant influence.
The pivotal moment came over Memorial Day weekend at Bottles, a steakhouse in Guaynabo, where Bailey proposed a strategic meeting to explore crypto mining. This led to a 90-minute roundtable at Trump’s Mar-a-Lago club in mid-June, focusing on cryptocurrency’s benefits. This session significantly altered Trump’s views on the industry.
Bailey, Fabiano, and Hoyos-López meticulously prepared for this meeting, selecting industry leaders who could clearly articulate cryptocurrency’s advantages. Their goal was to demonstrate not just the financial benefits but also the societal impacts of adopting such technology.
Trump has since become more involved with cryptocurrency, being the first major presidential candidate to accept crypto donations and showing support for self-custody. His family, including his sons who are engaged in DeFi projects, also reflects this growing crypto enthusiasm within his inner circle.
The crypto industry has shown its financial backing of Trump, raising about $25 million during the Bitcoin conference. However, according to Polymarket, the odds of Trump winning the election remain at 50%. Kamala Harris, the Vice President, poses a significant challenge, with the crypto industry contributing over $119 million to crypto-friendly candidates.
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