fbpx
  • Price Tracker
  • Guest Post
  • Advertising & Partnership
  • Press Release
  • Editorial Policy
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » Trump Campaign Raises $3 Million in Cryptocurrency in Q2 for Reelection Bid

Trump Campaign Raises $3 Million in Cryptocurrency in Q2 for Reelection Bid

John Hobbs by John Hobbs
July 28, 2024
in People
How does Donald Trump becoming a US resident impact the crypto market?
Share on FacebookShare on Twitter

You might also like

Michael Saylor Contends that he Supports Bitcoin Self-Custody Amid Community Backlash

Economists Endorse Ethereum Founder Vitalik Buterin as Nobel Prize Contender

Elon Musk Wins Dogecoin Lawsuit: Judge Dismisses $258 Billion Case

Former President Donald Trump’s reelection campaign has secured $3 million in cryptocurrency donations during the second quarter of 2024, according to newly released campaign finance data.

This shift is significant considering Trump’s past remarks in 2021 when he labelled Bitcoin a “scam.”

The increase in fundraising coincides with Trump’s preparations for another presidential run, with substantial donations coming from prominent figures in the crypto industry, as reported by the Trump 47 Committee.

Key Contributors: Winklevoss Twins, Kraken Co-founder, and Former Messari CEO

Cameron and Tyler Winklevoss, founders of the Gemini cryptocurrency exchange, are among the top donors, collectively contributing $2 million in Bitcoin on June 20.

Jesse Powell, Kraken’s co-founder, pledged $1 million in Ether (ETH) on June 28.

However, due to Federal Election Commission (FEC) regulations capping individual contributions at $844,600, partial refunds were issued for the Winklevoss twins’ donation, and Powell’s contribution exceeded $844,000.

Other notable donations include $50,000 in USD Coin from Ryan Selkis, former CEO of Messari, who resigned on July 19 following controversial tweets, and $300,000 in XRP from Stuart Alderoy, Ripple’s chief legal officer, who has criticised the SEC under the Biden administration but hasn’t publicly supported Trump.

Smaller donations also contributed, including $500 in Bitcoin from an Alabama homemaker and various amounts from retirees and self-employed individuals. Michael Belshe, CEO of BitGo, added $50,000 in BTC.

Trump Campaign Committee’s Total Fundraising

The Trump 47 Committee reported raising a total of $118 million in both cryptocurrency and fiat currency for Q2 2024, bringing the annual total to over $142 million.

This financial boost is timely as Trump works to strengthen his standing within the Republican Party. His campaign has announced his participation in the upcoming Bitcoin Conference in Nashville on July 27, indicating his growing interest in the crypto community.

Shifts in the Political Landscape

The political scene has changed dramatically with President Joe Biden’s announcement that he will not seek reelection, endorsing Vice President Kamala Harris as the likely Democratic nominee. Harris’s campaign received a notable $100 million in donations within 24 hours of Biden’s announcement.

As the 2024 election heats up, the impact of cryptocurrency donations is becoming more evident. The political action committee (PAC) Fairshake, backed by industry leaders like Coinbase and Ripple, has raised around $169 million since its inception, supporting pro-crypto candidates and opposing anti-crypto politicians.

With Trump’s campaign gaining momentum and Harris emerging as a strong contender, the role of digital assets in American politics is evolving, mirroring broader trends in financial and technological integration.

Tags: BitcoinFeature
John Hobbs

John Hobbs

John Hobbs serves as the co-Leader of the Coin Culture tokens and data team for Australia site, specialising in crypto derivatives, DeFi, market microstructure, and protocol analysis. John possesses a cryptocurrency portfolio including assets such as YFI, SHIB, DOGE, USDT, MATIC, MANA, GLMR, LINK and XMR. Additionally, he contributes over $5,000 to liquidity pools across various platforms including Compound, Curve, SushiSwap and PancakeSwap. John has a professional background in finance and data analysis, with over five years of experience as a crypto investor.

Recommended For You

Michael Saylor Contends that he Supports Bitcoin Self-Custody Amid Community Backlash

by John Hobbs
October 25, 2024
0
Michael Saylor Contends that he Supports Bitcoin Self-Custody Amid Community Backlash

Michael Saylor, the co-founder of MicroStrategy, expressed his support for Bitcoin self-custody, calling it a fundamental right, following backlash from the crypto community over his recent comments on...

Read more

Economists Endorse Ethereum Founder Vitalik Buterin as Nobel Prize Contender

by John Hobbs
October 10, 2024
0
Economists Endorse Ethereum Founder Vitalik Buterin as Nobel Prize Contender

Two economists recently suggested that Ethereum co-founder Vitalik Buterin could be a candidate for the Nobel Prize in Economics due to his contributions to cryptocurrency. The comments were...

Read more

Elon Musk Wins Dogecoin Lawsuit: Judge Dismisses $258 Billion Case

by John Hobbs
August 31, 2024
0
Elon Musk Wins Dogecoin Lawsuit: Judge Dismisses $258 Billion Case

On Thursday, U.S. District Judge Alvin Hellerstein in Manhattan ruled in Musk's favour and ended claims against him and his company. Investors' Claims Rejected The lawsuit, revised four...

Read more

Kamala Harris Advocates for Crypto Industry Growth with Focus on Consumer Protection

by John Hobbs
August 22, 2024
0
Kamala Harris Advocates for Crypto Industry Growth with Focus on Consumer Protection

Vice President Kamala Harris is planning to support policies that promote growth in the crypto and digital asset sectors while ensuring consumer protection, according to a Bloomberg report...

Read more

Justin Sun Calls on China for Bitcoin Policy Reforms Amid US Crypto Strategy Developments

by Lucas N
July 30, 2024
0
Justin Sun Calls on China for Bitcoin Policy Reforms Amid US Crypto Strategy Developments

Justin Sun, the founder of the Tron blockchain, has encouraged China to adopt a more progressive stance on cryptocurrency policy. His call comes as former US President Donald...

Read more
Next Post
Cardano ETF on the Horizon? Charles Hoskinson Fuels Speculation

Cardano ETF on the Horizon? Charles Hoskinson Fuels Speculation

Most popular

  • Why Brands Should Adopt A ‘Hybrid DAO’ Model

    Why Brands Should Adopt A ‘Hybrid DAO’ Model

    184 shares
    Share 74 Tweet 46
  • Kucoin Review 2024: Features, Fees & More

    156 shares
    Share 62 Tweet 39
  • Coinbase vs Binance: A Side-By-Side Comparison 2023

    270 shares
    Share 108 Tweet 68
  • 20 Best Crypto Copy Trading Platforms: A Curated List 2024

    672 shares
    Share 269 Tweet 168
  • 11 Best Crypto Debit Cards In Australia: A Curated List 2024

    429 shares
    Share 172 Tweet 107

Recommended

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

November 9, 2024
Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

November 8, 2024
Trump Declares Victory - What will the US Crypto be?

Trump Declares Victory – What will the US Crypto be?

November 6, 2024
Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

November 5, 2024
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Altcoin News Bitcoin CoinSpot Cryptocurrencies Crypto Exchange Crypto Tax DeFi Dogecoin Dogecoin News ETF Ethereum Feature FED FTX Games hacks Layer2 Markets meme Metaverse Mining NFT Opinion People Policy and Regulation Polygon SEC Security Solana News Stablecoins Tech Top Crypto News Australia | CoinCulture Trading US web3 XRP News

RECENT POSTS

  • Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push
  • Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency
  • Trump Declares Victory – What will the US Crypto be?

© 2023 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$106,194.00-1.06%
    BITCOIN
    24H : -1.06%
    Volume : $37,992,487,731.00
    Marketcap : $2,110,034,347,697.00
  • ethereumEthereum(ETH)$2,648.590.610%
    ETHEREUM
    24H : 0.610%
    Volume : $27,302,582,928.00
    Marketcap : $319,750,599,740.00
  • tetherTether(USDT)$1.000-0.02%
    TETHER
    24H : -0.02%
    Volume : $64,113,302,340.00
    Marketcap : $153,013,273,408.00
  • rippleXRP(XRP)$2.270.910%
    XRP
    24H : 0.910%
    Volume : $2,125,092,152.00
    Marketcap : $133,290,437,908.00
  • binancecoinBNB(BNB)$677.09-1.47%
    BNB
    24H : -1.47%
    Volume : $920,628,667.00
    Marketcap : $98,746,953,664.00
  • solanaSolana(SOL)$167.02-2.01%
    SOLANA
    24H : -2.01%
    Volume : $3,868,006,888.00
    Marketcap : $86,925,869,722.00
  • usd-coinUSDC(USDC)$1.0000.00%
    USDC
    24H : 0.00%
    Volume : $6,110,192,738.00
    Marketcap : $61,147,354,041.00
  • dogecoinDogecoin(DOGE)$0.218-0.67%
    DOGECOIN
    24H : -0.67%
    Volume : $1,485,344,795.00
    Marketcap : $32,513,632,379.00
  • cardanoCardano(ADA)$0.729-1.29%
    CARDANO
    24H : -1.29%
    Volume : $645,254,206.00
    Marketcap : $26,314,470,359.00
  • tronTRON(TRX)$0.2760.290%
    TRON
    24H : 0.290%
    Volume : $625,486,572.00
    Marketcap : $26,150,258,311.00

Add New Playlist

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki

© 2023 CoinCulture. All rights reserved.