$7.5M in BTC, ETH, and XRP Fuels Donald Trump’s 2024 US Election Campaign

According to reports, the Trump 47 joint fundraising committee has reported a significant influx of funds in the form of digital currencies. These contributions were recorded between the first of July and the end of September 2024, as noted in a recent Federal Election Commission filing.

The committee reported that the substantial donations came in the form of Bitcoin, Ether, and XRP, along with the U.S. dollar-pegged stablecoins Tether and USDC. The influx of funds has positioned Donald Trump as a prominent pro-crypto candidate.

More so, this strategic shift marks a complete turnaround from his previous skepticism of digital currencies during his presidency. As the 2024 election nears, these contributions are crucial for boosting Trump’s campaign efforts.

Additionally, the FEC filing indicated that these donations were accumulated from a diverse group of contributors spanning more than 15 states. These included several key battlegrounds and the American territory of Puerto Rico.

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