Silicon Valley and Crypto Industry Support for Trump Campaign

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The chapter examines the financial backing for Trump's campaign from Silicon Valley figures like Elon Musk and major players in the crypto industry, illustrating the influx of money into the election. It showcases significant donations from traditional GOP donors, billionaires, and individuals linked to banking, emphasizing the impact of Silicon Valley and crypto money on campaign finance in influencing government policy.

Paris Marx is joined by Jacob Silverman to discuss why tech billionaires have become more supportive of Donald Trump in the upcoming US election and whether Kamala Harris’ candidacy will disrupt their plans.

Jacob Silverman is the co-author of Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud and is working on a new book called Gilded Rage that is scheduled for Fall 2025.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Support the show on Patreon.

The podcast is made in partnership with The Nation. Production is by Eric Wickham. Transcripts are by Brigitte Pawliw-Fry.

Also mentioned in this episode:

Jacob wrote about Silicon Valley’s embrace of Trump for The Nation.
Paris wrote about what Silicon Valley wants from Trump in Disconnect.
Molly White’s new project is called Follow the Crypto.
Elon Musk is reportedly committing $45 million a month to a pro-Trump Super PAC.
Mark Zuckerberg called Trump a badass, while saying he won’t endorse any candidate.
Eric Schmidt is pushing the Pentagon’s embrace of AI for war.
Peter Thiel says he’d vote for Trump this cycle if there was a gun to his head.
Marc Andreessen and Ben Horowitz wrote a Little Tech Agenda containing a basic policy program.
Reid Hoffman funded a disinformation campaign in Alabama.
Reed Hastings has already put $7 million into a pro-Kamala Super PAC.