Trump raises $4 million in donations via cryptocurrency! Bitcoin accounts for the majority

This site (120Btc.coM): According to "CNBC", since he began to accept cryptocurrency as campaign donations in May this year, former US President and Republican presidential candidate Donald Trump has so far adopted many A digital token has raised more than $4 million in funding.

According to Federal Election Commission documents, Trump supporters donated Bitcoin, Ethereum, Ripple (XRP), USDC, and various meme coins.

This 1,000-page report shows that the "Trump 47" joint fundraising committee raised more than $118 million in funds from April 1 to June 30. According to documents, the committee The payments were made to the Trump campaign, the Republican National Committee and other parties.

Trump campaign assistant Brian Hughes said that among the more than $4 million in cryptocurrencies raised, Bitcoin accounted for the majority. He said: Cryptocurrency innovators and others in the technology field are under attack from Kamala Harris and the Democratic Party. While the Biden-Harris administration stifles innovation by increasing regulations and raising taxes, President Trump is ready to Good to encourage the United States to take a leadership role in this and other emerging technologies.

Documents show that at least 19 supporters from 12 states donated more than $2.15 million in Bitcoin to the committee. Their occupations include: housewives, U.S. military officers, missionaries, painters, and employees of a pizza company sales staff and a security technician with the State Department.

Cryptocurrency billionaires and twin brothers Tyler Winklevoss and Cameron Winklevoss each donated 15.57 Bitcoins, which were worth slightly more than $1 million at the time of the donation. However, because their donations exceeded the maximum limit of $844,600, part of the funds Has been returned; Mike Belshe, CEO of digital asset security company BitGo, donated $50,000 in Bitcoin.

In addition, Jesse Powell, the founder and former CEO of Kraken, donated nearly US$845,000 in Ethereum; Ripple’s General Counsel Stuart Alderoty donated US$300,000 in XRP; and former Messari CEO Ryan Selkis, who resigned last week, donated $50,000 in USDC.

So far, the Trump campaign seems to be immediately converting these cryptocurrency donations into USDC and then selling them for cash, but in some cases also choosing to keep the USDC.

According to previous reports, Trump will deliver a speech at the “Bitcoin Conference” in Nashville, Tennessee, on July 27. He will also hold a private fundraising event in the city on the same day and will offer an “asking price of $844,600 ( That is, the roundtable seats can only be obtained by donating the maximum amount)".

According to the invitation letter for this event, donors also have the opportunity to take a photo with Trump. The price per person is $60,000, which is just slightly lower than the current price of Bitcoin; if two people want to take a photo with Trump, There is a discount, asking price is $100,000.

Trump named Ohio Senator J.D. Vance as his running mate, a move considered by many to be a victory for the cryptocurrency industry. Vance has advocated for deregulation of cryptocurrencies and in 2022 revealed that he personally holds Bitcoin.

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