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Jesse Powell, co-founder of Kraken, announced in a statement on the X platform that he donated $1 million, mostly in Ether, to Donald Trump's 2024 presidential campaign.

Powell emphasized his support for Trump as the only major party candidate advocating pro-crypto policies.

“I am excited to join with other leaders in our community to support the only pro-crypto major party candidate in the 2024 Presidential election so that the United States can continue to be a leader in blockchain technology.”

Criticism of the Biden Administration

Powell criticized current President Joe Biden's regulatory approach to the crypto industry, saying in his article that officials such as Senator Elizabeth Warren and Securities and Exchange Commission (SEC) Chairman Gary Gensler are reducing the competitiveness of the United States.

“The crypto industry has been under attack from Elizabeth Warren, Gary Gensler and others for too long.”

Trump and the Ulbricht Bias

Powell believes Trump's 2024 presidential candidacy presents an opportunity for the United States to lead in blockchain technology. His post included a photo of Powell and Trump together and the hashtag #freeross, referring to Ross Ulbricht.

Ross Ulbricht was sentenced to life in prison without parole and 40 years in prison in 2015 for founding and operating Silk Road, an online black market used to buy goods and services anonymously.

RFK Jr.'s Promise to Forgive Ulbricht

On June 20, US presidential candidate Robert F. Kennedy Jr. stated that he would release Ulbricht if elected on the X platform.

"Ross Ulbricht has been in prison for too long. He received two life sentences for hosting an e-commerce platform. Yes, illegal activity took place there, but come on."

RFK Jr. promised to pardon Ulbricht if elected president and stated that he would sign the petition for his release, encouraging readers to do the same.

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