{"id":34894,"date":"2024-07-26T07:21:03","date_gmt":"2024-07-26T07:21:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trumps-campaign-boosted-by-millions-in-crypto-donations\/"},"modified":"2024-07-26T07:21:03","modified_gmt":"2024-07-26T07:21:03","slug":"trumps-campaign-boosted-by-millions-in-crypto-donations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trumps-campaign-boosted-by-millions-in-crypto-donations\/","title":{"rendered":"Trump’s Campaign Boosted by Millions in Crypto Donations"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Donations in the form of cryptocurrencies have significantly boosted the finances of former US President Donald J. Trump\u2019s reelection campaign, giving him the nickname \u201cThe Crypto Candidate.\u201d This year, Trump began to accept cryptocurrency payments, ushering in a new era of political fundraising.<\/p>\n

The campaign\u2019s cryptocurrency wallet had little activity at first. According to information from analytics company Breadcrumbs, by mid-June, Trump had received less than $60,000 in cryptocurrency contributions. By contrast, as of the end of May, traditional financial contributions to his campaign had totaled about $244 million.<\/p>\n

The turning point came with a substantial $2 million donation<\/a> from Gemini co-founders, the Winklevoss Twins. Cameron Winklevoss declared, \u201cI also just donated $1 million in bitcoin (15.47 BTC) to Donald Trump and will be voting for him in November. Here\u2019s the TL;DR \u2014 President Trump is: Pro-Bitcoin, Pro-Crypto, Pro-Business, And he will put an end to the Biden Administration\u2019s war on crypto. Onward!\u201d<\/em><\/p>\n

Increasing Crypto Contributions<\/h2>\n

Following this high-profile contribution, Trump\u2019s campaign began to gain momentum in the crypto space. A recent CNBC report highlights that the campaign has now raised $4 million in crypto funds. According to a campaign aide, the contributions come from a mix of digital tokens, including bitcoin, ether, Ripple\u2019s XRP, the U.S. dollar-pegged stablecoin USDC, and various memecoins, as noted in a Federal Election Commission filing.<\/p>\n

This surge in digital asset donations marks a notable milestone for Trump\u2019s re-election efforts, emphasizing the growing acceptance and influence of cryptocurrency in the political arena.<\/p>\n

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Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Donations in the form of cryptocurrencies have significantly boosted the finances of former US President Donald J. Trump\u2019s reelection campaign, giving him the nickname \u201cThe Crypto Candidate.\u201d This year, Trump began to accept cryptocurrency payments, ushering in a new era of political fundraising. The campaign\u2019s cryptocurrency […]<\/p>\n","protected":false},"author":35,"featured_media":34895,"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":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34894"}],"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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34894"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34895"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}