Kraken Co-Founder Jesse Powell Donates $1M, Mostly Ether, to Donald Trump

“I’m looking forward to teaming up with other community heads in support of the sole pro-cryptocurrency presidential candidate in the 2024 election,” Powell expressed on his X account.

During his election campaign, Trump has taken on the role of a champion for cryptocurrencies. Last month, he announced that he would accept donations in digital currency. He advocates for Bitcoin production to take place within the United States and aspires for our country to spearhead crypto innovation. However, at this point, he hasn’t proposed any concrete policies regarding cryptocurrencies. The topic failed to surface during yesterday’s presidential debate between Trump and President Biden, despite the crypto community’s attempts to bring it up.

As an analyst, I’ve noticed that Powell has recently joined other notable figures in the cryptocurrency sector who have contributed financially to Trump’s campaign. The Winklevoss twins, co-founders of Gemini exchange, disclosed having each donated $1 million. However, it was reported later that some of this contribution had to be returned to adhere to donation limit restrictions.