Former US President Donald J. Trump’s re-election campaign bid is raising millions in crypto funds.
Trump, who has billed himself as “The Crypto Candidate”, began accepting crypto donations to his campaign earlier this year.
Initially, data analysis showed little inflow to the campaign’s crypto wallet. By mid-June, data analytics firm Breadcrumbs found that Trump had raised less than $60,000 in campaign funds.
“Meanwhile, Trump’s campaign has received approximately $244 million from traditional finance donations towards his campaign as of the end of May.”
However, with a high-profile $2 million crypto donation from Gemini co-founders the Winklevoss Twins, Trump’s crypto campaign began gaining steam.
“I [Cameron Winklevoss]also just donated $1 million in bitcoin (15.47 BTC) to Donald Trump and will be voting for him in November.
Here’s the TL;DR — President Trump is:
Pro-Bitcoin
Pro-Crypto
Pro-Business
And he will put an end to the Biden Administration’s war on crypto. Onward!”
Now, according to a new CNBC report, Trump’s campaign has managed to raise $4 million in crypto funds.
“Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. Contributors have donated bitcoin, ether, Ripple’s XRP token, the U.S. dollar-pegged stablecoin USDC and various memecoins, according to a Federal Election Commission filing.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxGenerated Image: Midjourney