Trump reelection campaign raised $3M in crypto for Q2 2024
The most significant contributions came from Gemini co-founders Cameron and Tyler Winklevoss, who announced their support for the Republican candidate on X.
Donors to Donald Trump’s campaign to be reelected as US President have contributed roughly $3 million in cryptocurrency since the candidate announced he would accept digital assets.
According to a Federal Election Commission (FEC) filing for the second quarter of 2024, the Trump 47 Committee received millions in crypto donations from roughly 20 individuals starting in May. The Republican nominee has publicly shifted from calling Bitcoin (BTC) a “scam” in 2021 to having his campaign defend miners and accept crypto donations in 2024. The filing did not include contributions from July.
The most significant contributions to the Trump campaign in Q2 2024 came from Gemini co-founders Cameron and Tyler Winklevoss, who pledged a combined $2 million in Bitcoin (BTC) on June 20. Kraken co-founder Jesse Powell said he would donate $1 million in Ether (ETH) on June 28. FEC filings show Powell contributed more than $844,000 while the Trump campaign was obligated to partially refund the Winklevoss’ BTC donation — guidelines impose a maximum of $844,600 per individual.
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Author: Turner Wright
