Silicon Valley's political clout has shifted from the Obama administration to the Trump era. In recent years, tech and crypto leaders have taken a stronger role in shaping U.S. policy, with a new alliance forming between Silicon Valley moguls and the Trump administration.
Silicon Valley's political clout has shifted dramatically from the Obama administration to the Trump era. In recent years, tech and crypto leaders have taken a stronger role in shaping U.S. policy, with a new alliance forming between Silicon Valley moguls and the Trump administration.
During Barack Obama's presidency, Silicon Valley largely backed Democratic ideals thanks to his tech-friendly policies. His administration championed innovation, with measures designed to boost tech startups and digital industries.
Mark Zuckerberg, Jeff Bezos, Tim Cook, and Sundar Pichai, along with other top Silicon Valley figures, supported Obama by backing his campaign and pushing policies that fueled their growth. However, after the 2016 election, as tech companies grew in power, their ties with Washington began shifting.
Elon Musk has emerged as a key figure in Trump's inner circle. His voice helped reshape U.S. government policies on artificial intelligence, crypto, and immigration. Under Trump, Silicon Valley's impact in Washington soared, with Musk driving policy changes.
Musk now pushes for more high-skilled immigrants and advocates for a more crypto-friendly environment. Under Trump, the Securities and Exchange Commission (SEC) underwent leadership changes that aligned more with crypto interests.
The former chair, Gary Gensler, known for his skeptical stance on digital assets, gave way to Paul Atkins, who leans more toward the crypto space. Several prominent figures in Silicon Valley, including venture capitalist Marc Andreessen and Castle Island Ventures' Nic Carter, now back Trump, seeing his administration as more favorable to their business interests.
Continue Reading on Coin Edition
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
