Trump PAC Raises $7.5M in Crypto: Bitcoin and Ether Lead

  • Trump PAC has raised about $7.5 million in crypto, including Bitcoin, Ether, XRP, Tether, and USDC.

  • Coinbase, Ripple & Andreessen Horowitz donated 13x more than their investments in the last election.

  • Elon Musk has become the Republican “mega-donor” to America PAC with $75 million in donations.

Trump PAC, a political action committee formed by former President Donald Trump, has raised about $7.5 million in cryptocurrency, including Bitcoin, Ether, XRP, Tether, and USDC. According to a Federal Election Commission (FEC) filing submitted on Tuesday, the pro-crypto candidate received a significant amount of crypto funding from July 1 through September 30. This demonstrates the growing acceptance of cryptocurrencies in election campaigns and highlights Trump’s endorsement of digital assets.

A recent report revealed that nearly half of the corporate donations invested in Trump’s political fundraising came from the crypto industry. Leading players like Coinbase, Ripple, and Andreessen Horowitz collectively donated 13 times more than their contributions in the previous election cycle.

Notably, Bitcoin and Ether were the largest contributors, with donors in…

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