According to TechFlow, Kraken co-founder Jesse Powell stated on his social platform that he donated $1 million to Trump's campaign in his personal capacity, mainly in ETH.
Powell said that the crypto industry has long been under attack from Elizabeth Warren, Gary Gensler and others. Despite the best efforts of both parties in Congress to establish clear rules, the Biden administration has stood aside and allowed law enforcement to conduct unfettered regulation. As other major economies in the world have introduced clear digital asset regulatory rules, this approach is undermining the competitiveness of the United States.
Powell tweeted that he was excited to join other leaders in our community in uniting behind the only pro-cryptocurrency major party candidate in the 2024 presidential election so that the United States can continue to lead in blockchain technology.
