As a seasoned crypto investor with a keen interest in politics, I find the recent development surrounding former President Donald Trump’s campaign fundraising in cryptocurrencies quite intriguing. The Wall Street Journal’s revelation that Trump raised $3 million in crypto during the last quarter is an interesting turn of events.
In the past three months, the presidential campaign of former American leader Donald Trump managed to amass approximately $3 million in cryptocurrencies, primarily Bitcoin and Ether, as reported by The Wall Street Journal.
Recently disclosed campaign finance information reveals that the Republican nominee has gained significant financial support from prominent crypto industry figures following his endorsement of cryptocurrencies. Notable contributors include the Winklevoss twins, co-founders of Gemini Exchange, and Jesse Powell, a co-founder of Kraken.
Approximately 100 individuals made crypto donations to his campaign from May through June, as reported by the Journal, indicating a specific fan base. However, a larger number of supporters contributed using conventional methods such as credit cards during the same period. The Trump campaign garnered $331 in donations during the second quarter.
Despite being small in terms of size, the cryptocurrency donations have generated significant media attention, enhancing Trump’s reputation within the crypto industry. He has been advocating for a friendly stance towards it and expressing eagerness to create more favorable U.S. regulations. This approach has attracted support from vocal crypto enthusiasts towards his campaign.
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2024-07-16 17:16