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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>Powell’s donation is notable not only for its size but also for its message. Supporting the sole major party candidate he considers pro-crypto.</strong></h4> 
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      <p>In a statement accompanying his donation, Powell, the CEO of Kraken, emphasized the urgent need for the crypto community to rally behind Trump. He described Trump as a candidate with a favorable stance on <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a>.</p> 
      <h5><strong>Powell Urges Crypto Community to Back Pro-Crypto Trump</strong></h5> 
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<p>He framed the donation as a strategic move to ensure that the burgeoning crypto industry has a strong advocate in the political arena. Powell’s support for Trump is rooted in his belief that the former president’s policies could significantly benefit the crypto sector.</p> 
<p>Powell’s decision is particularly noteworthy given the current regulatory environment surrounding cryptocurrencies in the United States. By backing Trump, Powell hopes to push for a more favorable regulatory framework that encourages innovation while protecting investors.</p> 
<p><img decoding="async" class="wp-image-144365 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcvcbvnhgjhjkh-300x286.jpg" alt="" width="477" height="455" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcvcbvnhgjhjkh-300x286.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcvcbvnhgjhjkh.jpg 392w" sizes="(max-width: 477px) 100vw, 477px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/BitcoinMagazine/status/1806622720819413462" target="_blank" rel="noopener">X</a></strong></h6> 
<p>This donation also highlights the broader political dynamics at play within the cryptocurrency industry. While some crypto enthusiasts advocate for a more libertarian approach, emphasizing minimal government intervention, others see value in aligning with political figures who can offer tangible support.</p> 
<h5><strong>More About Bitcoin Donations to Trump</strong></h5> 
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      <p>The Winklevoss twins found themselves in a unique situation when federal law limited individual contributions to $844,600 per person for political committees. The twins’ generous contributions, exceeding this legal cap, necessitated a refund from the Trump campaign to comply with federal regulations.</p> 
      <p><img decoding="async" class="wp-image-144368 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfghghy-245x300.jpg" alt="" width="473" height="579" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfghghy-245x300.jpg 245w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfghghy-343x420.jpg 343w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfdgfghghy.jpg 395w" sizes="(max-width: 473px) 100vw, 473px"></p> 
      <h6 style="text-align: center;"><strong>Source: <a href="https://x.com/BitcoinNewsCom/status/1807006101088739522" target="_blank" rel="noopener">X</a></strong></h6> 
      <p>This incident underscores the intersection of cryptocurrency donations and traditional political fundraising rules, highlighting the evolving landscape of campaign finance in the digital age.</p> 
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<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/kraken-founder-donates-1m-to-pro-crypto-trump/">Kraken Founder Donates $1M to Pro-Crypto Trump</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Kraken Founder Donates $1M to Pro-Crypto Trump

Altcoin Buzz

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