Former President Donald Trump has so far raised more than $4 million in cryptocurrency, mostly in Bitcoins.
According to a recent report published by CNBC, Trump’s campaign has raised significant funds through contributions in various digital currencies, including Bitcoin, Ethereum, Ripple (XRP) and stablecoin USD Circle.
Tyler and Cameron Winklevoss lead the way in Bitcoin contributions
A Federal Election Commission filing of more than 1,000 pages detailed the activities of the Trump 47 joint fundraising committee from April 1 to June 30. The report showed that more than $118 million was raised, with distributions to Trump’s campaign, the Republican National Committee and other entities.
At least 19 donors contributed more than $2.15 million in Bitcoins. These donors come from 12 states and include a variety of professions, such as housewives, military officers, missionaries and State Department security technicians.
Cryptomillionaires Tyler and Cameron Winklevoss donated 15.57 Bitcoin, bringing the total to over $1 million in donations. However, since their contributions exceeded the $844,600 limit, some of them were returned. In addition, BitGo CEO Mike Belshe donated $50,000 in Bitcoins.
Brian Hughes, Trump’s campaign aide, confirmed that most of the $4 million raised in cryptocurrencies came from Bitcoin.
“Crypto-innovators and others in the tech sector are under attack from Kamala Harris and the Democrats,” he said – Hughes stated. “While the Biden-Harris administration is stifling innovation with more regulations and higher taxes, President Trump is poised to encourage American leadership in this and other emerging technologies,” – Hughes said.
Kamala Harris may be more open to cryptocurrencies
In an email interview with Politico, billionaire Mark Cuban indicated that current Vice President Kamala Harris, backed by President Joe Biden, may be more open to cryptocurrencies.
“The feedback I’m getting, but certainly not confirmed by the vice president, is that she will be much more open to business (artificial intelligence), cryptocurrencies and government as a service,” Cuban said. “The change in policy changes the message and lets everyone know that she is in power and is open, literally, to business.”
