Donations in cryptocurrency, mostly in Bitcoin, have totaled over $4 million so far, according to the former president Donald Trump.
According to a recent report published by CNBC, Trump’s campaign has raised substantial funds through contributions in various digital currencies, including Bitcoin, Ethereum, Ripple (XRP), and the stablecoin USD Circle.
Tyler and Cameron Winklevoss Lead Bitcoin Contribution
A Federal Election Commission filing of over 1,000 pages detailed the “Trump 47” joint fundraising committee’s activity from April 1 to June 30. According to the report, more than $118 million was raised and distributed to various organizations, including the Republican National Committee and the Trump campaign.
More than $2.15 million in Bitcoin was contributed by at least 19 contributors. These donors, who are from 12 different states, include housewives, missionaries, military personnel, and security technicians for the State Department.
🇺🇸 Leading US presidential candidate
— Kevin Svenson (@KevinSvenson_) July 19, 2024
Donald Trump pledges👇
– "I will ensure that the future of #Crypto and the future of #Bitcoin will be made in the USA."
– "I will support the right to self custody." pic.twitter.com/FJIa1HK9rV
The donations made by cryptocurrency billionaires Tyler and Cameron Winklevoss totaled over $1 million, with a total of 15.57 Bitcoin. However, some of their contributions were reimbursed because they were over the $844,600 cap. Furthermore, BitGo CEO Mike Belshe gave a $50,000 Bitcoin donation.
A Trump campaign aide named Brian Hughes verified that Bitcoin accounted for the majority of the $4 million in cryptocurrency raised.
“Crypto innovators and others in the technology sector are under attack from Kamala Harris and the Democrats,” stated Hughes. “While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies,” said Hughes.
Kamala Harris May Be More Open to Crypto: Mark Cuban
In an email interview with Politico, billionaire Mark Cuban indicated that the current Vice President Kamala Harris, endorsed by President Joe Biden, could be more open to crypto.
“The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, (artificial intelligence), crypto, and government as a service,” said Cuban. “Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business.”