Trump’s 2024 Campaign Secures $4 Million in Crypto: Here’s Who Donated!

With the US elections nearing, former President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President is capitalizing on the growing interest in cryptocurrencies by accepting them for his 2024 presidential campaign. So far, Trump’s campaign has raised over $4 million in crypto donations, marking a significant trend in political fundraising.

Trump’s campaign has received substantial contributions in Bitcoin, Ethereum, XRP, and the US dollar-pegged stablecoin USDC. Specifically, more than $2.15 million in Bitcoin has come from 19 donors across 12 states. The Federal Election Commission filings also show donations in several meme coins.

Crypto Heavyweights Rally Behind Trump

Adding to the list, Ripple’s CLO, Stuart Alderoty, is the next big name in Trump’s 2024 presidential campaign, donating 624,000 XRP, worth approximately $300,000. This significant donation was revealed by FOX Business journalist Eleanor Terrett, who cited data from the blockchain analytics platform Bread Crumb. The donation was initially made on June 11, 2024, but it only came to public attention following Terrett’s report.

Converting XRP to USDC: A Strategic Move

Moreover, the transaction details show that Alderoty’s donation was converted to USDC, a widely used stablecoin, at an average rate of $0.48 per XRP. Trump’s campaign converts all crypto donations to USDC to avoid price swings, as noted by former FOX analyst James Delmore.

Alderoty supports Trump, believing he will provide regulatory clarity for cryptocurrencies, unlike President Biden. Trump has shown strong support for crypto and will speak at the Bitcoin Conference.

Trump’s Crypto Move: A Huge Win!

The Ripple CLO is not alone in his support for Trump. The former president’s campaign, which began accepting crypto donations on May 21, 2024, has received over $4 million in cryptocurrencies, including BTC, ETH, and XRP, all of which have been converted to USDC. Prominent figures in the crypto space, such as Gemini founders Tyler and Cameron Winklevoss, have also contributed significantly, each donating $1 million in BTC. However, since this exceeded the legal maximum donation limit, part of their contributions were returned.

Other notable donations include $1 million in ETH from Jesse Powell, the CEO of kraken kraken - support@kraken.com Centralised ExchangeDecentralised Exchange and $50,000 in BTC from Mike Belshe, the CEO of bitgo bitgo - support@bitgo.com Wallet Messari co-founder Ryan Selkis also contributed $50,000 to USDC. These substantial donations from key players in the crypto industry highlight the growing support for Trump’s presidential ambitions and his pro-crypto policies.

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Will Trump’s Crypto Donation Campaign help him win the American voters? Only Time will tell. Stay tuned with us to know more.