Former US President Donald J. Trump’s re-election campaign bid is raising millions in crypto funds.
Trump, who has billed himself as “The Crypto Candidate”, began accepting crypto donations to his campaign earlier this year.
-->Initially, data analysis showed little inflow to the campaign’s crypto wallet. By mid-June, data analytics firm Breadcrumbs found that Trump had raised less than $60,000 in campaign funds.
“Meanwhile, Trump’s campaign has received approximately $244 million from traditional finance donations towards his campaign as of the end of May.”
However, with a high-profile $2 million crypto donation from Gemini co-founders the Winklevoss Twins, Trump’s crypto campaign began gaining steam.
“I [Cameron Winklevoss]also just donated $1 million in bitcoin (15.47 BTC) to Donald Trump and will be voting for him in November.
Here’s the TL;DR — President Trump is:
Pro-Bitcoin
Pro-Crypto
Pro-Business
And he will put an end to the Biden Administration’s war on crypto. Onward!”
Now, according to a new CNBC report, Trump’s campaign has managed to raise $4 million in crypto funds.
“Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. Contributors have donated bitcoin, ether, Ripple’s XRP token, the U.S. dollar-pegged stablecoin USDC and various memecoins, according to a Federal Election Commission filing.”
