Regulation

Kraken Co-Founder Supports Trump With $1 Million Crypto Donation

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Image: Kanchanara/Unsplash

Kraken co-founder Jesse Powell donated $1 million to Donald Trump’s presidential campaign, mostly in Ether.

The post highlights the crypto community’s search for a candidate who favors its sector, amid discontent with the current administration’s regulatory stance.

Powell’s donation adds to a series of crypto contributions to Trump’s campaign, including those from notable industry figures such as the Winklevoss twins.

Trump has become a pro-crypto candidate, accepting cryptocurrency donations and advocating for the United States to become a leader in Bitcoin production, contrasting with the more enforcement-focused approach to crypto regulation of the Biden administration.

Despite the importance of cryptocurrency in the political sphere, the first presidential debate between Biden and Trump on Thursday did not address the subject.

The lack of discussion around digital assets has been noted by the broader community.

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