Republican

Donald Trump

Bitcoin

The Donald Trump reelection campaign has garnered $3 million in contributions in the form of digital assets during the second quarter of 2024. This represents a notable shift from Trump's previous portrayal of Bitcoin as a fraudulent scheme.   
The increase in fundraising occurs as <a href="https://optimisus.com/news/crypto-news/former-president-trump-picks-crypto-friendly-senator-jd-vance-as-his-running-mate/">Donald Trump</a> strategically prepares for another presidential campaign, with the Trump 47 Committee receiving significant donations from prominent individuals in the Bitcoin sector. <a href="https://optimisus.com/news/crypto-news/the-winklevoss-twins-donate-1-million-in-bitcoin-to-john-deatons-campaign/">Cameron and Tyler Winklevoss</a>, the co-founders of Gemini, are at the top of the contributor list with a commitment of $2 million in Bitcoin on June 20. Jesse Powell, one of the co-founders of Kraken, also pledged to contribute $1 million worth of Ether (ETH) on June 28th.   
Nevertheless, the criteria set by the Federal Election Commission (FEC) require that donations exceeding the maximum individual contribution limit of $844,600 be partially refunded.   
Ryan Selkis, the ex-CEO of Messari, made a donation of $50,000 in USD Coin, while Stuart Alderoy, the chief legal officer of Ripple, provided $300,000 in XRP. Among the smaller contributions were a $500 Bitcoin donation from a homemaker in Alabama, as well as other smaller sums from pensioners and self-employed persons.   
Michael Belshe, the Chief Executive Officer of BitGo, contributed $50,000 worth of Bitcoin to the campaign's funds. In Q2 2024, the Trump 47 Committee disclosed that they raised a sum of $118 million, comprising both crypto and fiat. This brings the total amount raised by the campaign to over $142 million for the year. The arrival of funding is occurring at a critical moment as Donald Trump endeavors to strengthen his standing within the Republican Party.   
Just recently, <a href="https://optimisus.com/news/crypto-news/the-winklevoss-twins-donate-1-million-in-bitcoin-to-john-deatons-campaign/">the twins also have donated $1 million in Bitcoin</a> to republican candidate John Deaton, who is competing against Senator Elizabeth Warren in Massachusetts.   
The post <a href="https://optimisus.com/news/crypto-news/trump-campaign-raises-3-million-in-crypto-in-q2-2024/">Trump campaign raises $3 million in crypto in Q2 2024, led by Winklevoss and Powell donations</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

Trump campaign raises $3 million in crypto in Q2 2024, led by Winklevoss and Powell donations

Optimisus

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