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.
According to a Bloomberg report, during Barack Obama’s presidency, Silicon Valley backed Democratic ideals with 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.
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The Rise of Tech’s Influence in Trump’s Administration
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.
Silicon Valley’s Deepening Washington Ties
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.
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Silicon Valley’s power players have entrenched themselves in U.S. governance, from reshaping government agencies to championing reforms.
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