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Trump Campaign Crypto Donations Amount to $3M of $331M Raised in Last Quarter: WSJ
Former US President Donald Trump’s campaign raised $3 million in cryptocurrency in the last quarter, much of it in bitcoin (BTC) and ether (ETH)according to Wall Street Journal.
Newly released campaign finance data suggests the Republican nominee’s recent foray into cryptocurrency has helped garner big contributions from some of the industry’s biggest players, including the Winklevoss twins (whose Gemini exchange helps process donations) and Kraken co-founder Jesse Powell.
About 100 people donated cryptocurrency to his campaign between May and late June, the Journal reported, indicating a niche appeal. Many more people contributed to his campaign in more traditional ways, via credit cards and the like. Trump’s campaign raised $331 in the second quarter.
Although relatively small, cryptocurrency donations have had a disproportionate media impact in bolstering Trump’s crypto credentials. He has positioned himself as friendly to the industry and eager to make U.S. regulations more welcoming. This has helped some die-hard supporters join his campaign.