{"id":33261,"date":"2024-06-28T13:14:16","date_gmt":"2024-06-28T13:14:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/donald-trump-gets-1m-ethereum-donation-from-kraken-co-founder\/"},"modified":"2024-06-28T13:14:16","modified_gmt":"2024-06-28T13:14:16","slug":"donald-trump-gets-1m-ethereum-donation-from-kraken-co-founder","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/donald-trump-gets-1m-ethereum-donation-from-kraken-co-founder\/","title":{"rendered":"Donald Trump gets $1M Ethereum donation from Kraken co-founder"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1638780317555-dba3fe12-cd6a-4ed6-a952-3799e745b75c-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1638780317555-dba3fe12-cd6a-4ed6-a952-3799e745b75c-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1638780317555-dba3fe12-cd6a-4ed6-a952-3799e745b75c-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1638780317555-dba3fe12-cd6a-4ed6-a952-3799e745b75c-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Jesse Powell donates $1M in Ethereum to Trump\u2019s 2024 presidential campaign.<\/li>\n<li>Powell criticizes Biden\u2019s administration for unclear crypto regulations.<\/li>\n<li>Trump\u2019s campaign collects over $14M in crypto after aligning with pro-crypto stance.<\/li>\n<\/ul>\n<p>Jesse Powell, co-founder of the prominent U.S. cryptocurrency exchange <a href=\"https:\/\/coinjournal.net\/exchanges\/kraken\/\">Kraken<\/a>, has made a significant financial contribution to Donald Trump\u2019s 2024 presidential campaign.<\/p>\n<p>The donation, amounting to $1 million and primarily composed of <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum (ETH)<\/a> comes a few days after <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-receives-2m-bitcoin-donation-from-winklevoss-twins\/\">Gemini founders donated $2M to Trump<\/a>.<\/p>\n<h2>Powell believes Trump is the only\u00a0pro-crypto\u00a0candidate<\/h2>\n<p>Jesse Powell\u2019s substantial donation to Donald Trump\u2019s campaign is rooted in his belief that Trump represents the only major party candidate with a pro-crypto stance.<\/p>\n<p>Powell has expressed frustration with the current administration\u2019s handling of cryptocurrency regulation. He argues that under President Biden, the U.S. has failed to establish clear and supportive regulations for the crypto industry. This regulatory ambiguity, according to Powell, stifles innovation and pushes web3 startups to more crypto-friendly jurisdictions such as Europe, Singapore, UAE, and El Salvador.<\/p>\n<p>Moreover, Powell has been vocally critical of key figures in the current administration, including Senator Elizabeth Warren and SEC Chair Gary Gensler. He accuses them of hindering the growth of the U.S. crypto market through stringent regulatory measures.<\/p>\n<p>Powell\u2019s endorsement of Trump is also tied to the latter\u2019s pledge to free Ross Ulbricht, the founder of the defunct darknet marketplace Silk Road, which has been a point of contention within the crypto community.<\/p>\n<h2>Donald Trump has become a darling of the crypto community<\/h2>\n<p>Powell\u2019s donation is part of a larger wave of support for Trump from the cryptocurrency sector.<\/p>\n<p>Other notable figures, such as the Winklevoss twins of Gemini, have also made significant contributions to Trump\u2019s campaign, donating approximately 15.47 BTC.<\/p>\n<p>Additionally, major crypto firms like <a href=\"https:\/\/coinjournal.net\/ripple\/what-is-ripple\/\">Ripple<\/a> and <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbas<\/a>e have funneled millions into the FairShake super PAC, aiming to elect crypto-friendly candidates.<\/p>\n<p>This political mobilization underscores a strategic effort within the crypto community to influence future regulatory landscapes in favor of digital asset innovation.<\/p>\n<p>The Trump campaign has capitalized on this support, raising over $14 million in cryptocurrencies, including Ethereum (ETH), <a href=\"https:\/\/coinjournal.net\/polygon\/what-is-polygon\/\">Polygon (MATIC)<\/a>, and Circle\u2019s USDC stablecoins.<\/p>\n<p>Trump\u2019s overall crypto portfolio has grown to over $30 million, reflecting his increasing alignment with the crypto sector. This support is anticipated to have significant implications for the U.S. crypto market, potentially leading to clearer regulations and a more robust blockchain ecosystem.<\/p>\n<p>As the 2024 election approaches, the strategic donations from influential crypto figures like Jesse Powell signal a shift in political dynamics, with the potential to shape the future of cryptocurrency regulation in the United States.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/donald-trump-gets-1m-ethereum-donation-from-kraken-co-founder\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Jesse Powell donates $1M in Ethereum to Trump\u2019s 2024 presidential campaign. Powell criticizes Biden\u2019s administration for unclear crypto regulations. Trump\u2019s campaign collects over $14M in crypto after aligning with pro-crypto stance. Jesse Powell, co-founder of the prominent U.S. cryptocurrency exchange Kraken, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":33262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33261"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33261"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33262"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}