- Trump campaign raised $3M in crypto in Q2 2024, led by Winklevoss and Powell donations.
- Trump 47 Committee reported over $118M raised in crypto and fiat for Q2 2024.
- Kamala Harris raised $100M in 24 hours after Biden announced he won’t seek reelection.
Former President Donald Trump reelection campaign has garnered $3 million in digital asset donations for the second quarter of 2024 according to the published campaign financial data.
This development marks a notable change from Trump’s previous characterization of Bitcoin as a “scam” in 2021.
The fundraising boost comes as Donald Trump positions himself for another run at the White House, with the Trump 47 Committee reporting substantial contributions from high-profile figures in the cryptocurrency industry.
Winklevoss twins, Kraken co-founder, and former Messari CEO among donors
Leading the list of donors are Cameron and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini. The twins collectively pledged $2 million in Bitcoin on June 20.
Kraken co-founder Jesse Powell followed suit with a commitment of $1 million in Ether (ETH) on June 28.
However, Federal Election Commission (FEC) guidelines necessitated partial refunds for donations exceeding the maximum individual contribution limit of $844,600. Consequently, the Winklevoss twins’ donation was partially refunded, and Powell’s contribution exceeded $844,000.
Among other notable contributors, Ryan Selkis, the former CEO of Messari, donated $50,000 in USD Coin. Selkis stepped down from his role on July 19 after a series of controversial tweets.
Stuart Alderoy, Ripple’s chief legal officer, also contributed $300,000 in XRP. While Alderoy has not publicly endorsed Trump, he has been a vocal critic of the Securities and Exchange Commission (SEC) under President Biden’s administration.
In addition to these significant contributions, smaller donations also played a role. These included $500 in Bitcoin from a homemaker in Alabama and various smaller amounts from retirees and self-employed individuals. Michael Belshe, CEO of BitGo, added $50,000 in BTC to the campaign’s coffers.
Donald Trump campaign committee raised $118M in Q2 2024
The Trump 47 Committee reported a total of $118 million raised in both cryptocurrency and fiat for Q2 2024, bringing the campaign’s total fundraising to over $142 million for the…