CandleFocus Crypto Stakeholders Support Donald Trump Presidential Bid with Bitcoin, Ethereum, XRP Donation Worth $7.5M
2024-10-16
Author: Content Editor
Crypto leaders have donated $7.5 million worth of cryptocurrencies, including Bitcoin, Ethereum, XRP, and stablecoins, to a political action committee (PAC) supporting Donald Trump's presidential campaign. Executives from companies like Ripple, Coinbase, and Andreessen Horowitz were among the donors. Notably, David Bailey of BTC Inc. contributed $500,000 and helped convert Trump into a Bitcoin supporter. Other significant donors include Gary Cardone, Mike Belshe, and Bruce Fenton. Trevor Traina donated $25,000 worth of ETH, and Ripple's CLO Stuart Alderoty donated 624,000 XRP and attended a Trump fundraising event. The crypto industry believes Trump will protect them from the SEC's aggressive approach and has shown strong support through heavy donations. The Gemini founders, Tyler and Cameron Winklevoss, donated $1.1 million worth of Bitcoin each, and Kraken founder Jesse Powell contributed $1 million in ETH to Trump's campaign.
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