Kraken’s Jesse Powell donates $1M to Donald Trump, calls him “the only pro-crypto major party candidate”

Kraken's Jesse Powell donates $1M to Donald Trump, calls him "the only pro-crypto major party candidate"


Key Takeaways

Jesse Powell donates $1 million in Ethereum to support Trump’s pro-crypto stance.
He criticizes the Biden administration for harmful crypto regulations.

Share this article

Jesse Powell, the co-founder of the crypto exchange Kraken, has contributed $1 million, mostly in Ethereum, to Donald Trump’s presidential campaign. According to Powell, Trump is the only major party candidate with a pro-crypto stance.

Ledger

Powell also expressed frustration with the current regulatory environment for the crypto industry in the US. He believes figures like Elizabeth Warren and Gary Gensler have been attacking the crypto sector through stringent regulatory measures.

“Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White House has stood by and allowed a campaign of unchecked regulation by enforcement,” Powell criticized the Biden administration, arguing that the approach is harming the US’s competitiveness in the global market for digital assets.

Powell’s latest support for Trump follows a similar act by Gemini founders Cameron and Tyler Winklevoss. Last week, the Winklevoss twins said they donated $1 million in Bitcoin each to Trump’s campaign.

Ark Invest CEO Cathie Wood is also among the major figures who recently voiced support for Trump. Wood said in a recent interview that she intended to vote for Trump, seeing him as the best candidate for the US economy.

Share this article



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

CryptoKorner
Ledger
CryptoKorner
Kraken's Jesse Powell donates $1M to Donald Trump, calls him
Follow Crypto Briefing on Google News
Ledger
Follow Crypto Briefing on Google News
Follow Crypto Briefing on Google News
Changelly
Best crypto to buy as altcoin rotation favors low-caps: BRETT, BPEP, and TRX
Bitcoin at $104K, but falling MVRV ratio hints at short-term correction
2017 vs. 2025: Michaël van de Poppe Reveals What’s Really Blocking a New Altcoin Season
XRP price forecast as Ripple USD (RLUSD) volume drops
Bitcoin's drop toward $100K caught many traders offgaurd
World Liberty advisor faces six-figure loss after shorting $TRUMP on Trump-Musk fallout
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Free book
Changelly
Top five security principles driving open source cyber apps at scale
Bitcoin’s OP_RETURN Limit Soars to Nearly 4MB in Core 30 Update
BTC trades at $109.7K after weekend surge; Ethereum
Tether to Open Source Bitcoin Mining Operations by Q4 2025
Feds Charge Crypto Founder With Evading U.S. Sanctions, Laundering $500M
Top five security principles driving open source cyber apps at scale
Bitcoin’s OP_RETURN Limit Soars to Nearly 4MB in Core 30 Update
BTC trades at $109.7K after weekend surge; Ethereum
Tether to Open Source Bitcoin Mining Operations by Q4 2025
ar
zh-CN
nl
en
fr
de
it
pt
ru
es
en
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
tron
cardano
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
tron
cardano