Former US President Donald Trump has collected more than $4 million in crypto donations for his White House campaign.
Donald Trump collected $4 million in donations from the crypto industry. Photo: CryptoSlate
Republican Presidential candidate Donald Trump 's crypto donation strategy is being well received.
According to statistics from CNBC , Donald Trump has successfully raised more than 4 million USD in cryptocurrency. As of June 24, his crypto donations were not even $100,000. At that time, according to blockchain analysis company Breadcrumbs, crypto donations to the Trump campaign were worth only $59,386.
Trump raises more than $4 million in bitcoin, other digital coins as crypto support pays off https://t.co/J0SXoXnraG
— CNBC Tech (@CNBCtech) July 25, 2024
Most donations were made in Bitcoin (BTC) , Ethereum (ETH) , Ripple (XRP) and stablecoin USDC . Of which, there was up to 2.15 million USD in Bitcoin from 19 sponsors across 12 states. According to information from the Federal Election Commission, these donors are housewives, U.S. military officers, missionaries, painters, sales representatives of a pizza company and security technicians of the Federal Election Commission. Foreign Office.
The donations also included alarge amount of memecoins . Notably, this document is more than 1,000 pages long, listing the total amount of money that the "Trump 47" joint fundraising committee received from April 1 to June 30. During that period, the committee successfully raised $120 million. Money from this fund is transferred to Trump's campaign on a regular basis.
Previously, Gemini founding brothers Cameron and Tyler Winklevoss also contributed Bitcoin to Donald Trump's campaign. Each brother donated 15.47 BTC , worth about 1 million USD at the time of donation, but was partially returned because it exceeded the legal limit of 844,600 USD.
BitGO CEO Mike Belshe gives Trump 50,000 USD BTC. Former CEO and founder of Kraken, Jesse Powell, pledged nearly $1 million in Ethereum to the Trump campaign. At the time of the donation, he took the opportunity to express his dissatisfaction with the current US administration's crypto policies.
Trump has confirmed that he will attend the Bitcoin 2024 Conference taking place in Nashville (Tennessee, USA). Coin68 will update his statements here.
During an intimate party with Non-Fungible Token Trump holders, the former President announced to remove the hostile stance , protect the Mining sector , and keep crypto companies in the US, if he returns. The White House.
Mr. Trump also appointed Ohio Senator JD Vance as his running mate. Vance himself is also a crypto supporter and owns Bitcoin, with a value ranging from 100,001 USD to 250,000 USD.
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