SNEAK PEEK
Trump’s campaign raises over $4M via crypto, signaling a pro-crypto stance.
Top crypto donors include the Winklevoss twins with over $1M.
Trump pledges fewer crypto regulations, contrasting Biden’s approach.
President Donald Trump has become a strong candidate in the U.S. presidential race, raising over $4 million through cryptocurrencies as his fundraising efforts gain momentum.
According to recent Federal Election Commission filings, Trump’s campaign, through the “Trump 47” joint fundraising committee, has raised a substantial sum from digital tokens including Bitcoin, Ether, Ripple’s XRP, USDC, and various meme coins.
From April 1 to June 30, According to a CNBC report, the committee collected over $118 million, with contributions coming from the crypto sector. Notably, crypto billionaires Tyler and Cameron Winklevoss were among the top donors, contributing an equivalent of over $1 million each in Bitcoin, although some of these funds were refunded due to contribution limits.
In a strategic pivot, Trump has repositioned himself as a pro-crypto candidate, distancing himself from his previous skepticism of digital currencies. His campaign now regularly accepts donations in various cryptocurrencies, including popular tokens like Dogecoin and Shiba Inu. This move has attracted substantial support from tech and crypto investors, signaling a growing trend of digital currency use in political fundraising.
Trump is scheduled to speak at a major Bitcoin conference in Nashville, Tennessee, where he will also host a high-ticket fundraiser. His campaign aide highlighted that while the Biden-Harris administration has been tightening regulations on cryptocurrencies, Trump advocates for fewer restrictions and promotes U.S. leadership in blockchain and other emerging technologies.
Trump’s embrace of cryptocurrencies could have significant implications for the regulatory landscape in the U.S. He has promised to defend the rights of individuals to self-custody their digital assets and has expressed support for the crypto community against critics like Senator Elizabeth Warren. With Ohio Senator JD Vance, known for his crypto-friendly stance, as his running mate, Trump’s campaign is positioning itself at the forefront of blockchain advocacy.
This move by a major presidential candidate to support crypto shows how digital currencies are becoming part of mainstream finance and politics. It suggests that future rules might be less strict.
The post Trump’s Crypto-Fueled Campaign Garners Over $4 Million Ahead of Tennessee Event appeared first on Today NFT News.
