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 Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election 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.