Trump Campaign\'s Crypto Donations Amounted to $3M of $331M Raised Last Quarter: WSJ

Roughly 100 people contributed crypto the campaign, including high-profile industry players like the Winklevoss twins and Kraken's Jesse Powell.

Donald Trump's campaign reportedly raised $3 million in cryptocurrency last quarter, largely in bitcoin (BTC) and ether (ETH), according to a Wall Street Journal report.

Newly released campaign finance data shows that the Republican nominee's recent overtures to crypto helped secure large contributions from some of the industry's biggest names, including the Winklevoss twins (whose Gemini exchange helps process the donations) and Kraken co-founder Jesse Powell.

Around 100 people donated crypto to his campaign between May and the end of June, according to the Journal, highlighting a niche appeal. Many more people donated to his campaign through more traditional means, such as credit cards. The Trump campaign raised a total of $331 million in the second quarter.

While relatively small in size, the crypto donations have had an outsized media impact in bolstering Trump's crypto credentials. He has positioned himself as friendly to the industry and keen to make U.S. regulations more welcoming, which has helped attract some vocal supporters to his campaign.

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Danny الفلسطيني is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

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