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Trump Campaign's Crypto Donations Amounted to $3M of $331M Raised Last Quarter: WSJ

Roughly 100 people contributed crypto the campaign, including high-profile industry players like the Winklevoss twins and Kraken's Jesse Powell.

Updated Jul 16, 2024, 2:26 p.m. Published Jul 16, 2024, 2:10 p.m.
BUTLER, PENNSYLVANIA - JULY 13: Republican presidential candidate former President Donald Trump pumps his fist as he is rushed offstage by U.S. Secret Service agents after being grazed by a bullet during a rally on July 13, 2024 in Butler, Pennsylvania. Butler County district attorney Richard Goldinger said the shooter is dead after injuring former U.S. President Donald Trump, killing one audience member and injuring another in the shooting. (Photo by Anna Moneymaker/Getty Images)
The former president raised about $3M via crypto in Q2 (Anna Moneymaker/Getty Images)

Former U.S. President Donald Trump's campaign raised $3 million in crypto last quarter, much of it in bitcoin and ether , according to the Wall Street Journal.

Newly released campaign finance data indicates the Republican nominee's recent embrace of crypto helped woo big contributions from some of the industry's major players, including the Winklevoss twins (whose Gemini exchange helps process donations) and Kraken co-founder Jesse Powell.

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Around 100 people donated crypto to his campaign between May and the end of June, per the Journal, highlighting a niche appeal. Far more people contributed to his campaign in more traditional forms, via credit cards and the like. The Trump campaign raised $331 in the second quarter.

While relatively small in size the crypto donations have had outsize media impact in bolstering Trump's crypto credentials. He's positioned himself as friendly to the industry and eager to make U.S. regulations more welcoming. That's helped turn some vocal supporters onto his campaign.

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