Ethereum

Biden

Joe Biden

Million

Read

<ul>
 <li>Jesse Powell, Kraken founder, donated $1M in Ethereum to Trump’s campaign.</li>
 <li>Powell criticized Biden’s crypto regulations as detrimental to U.S. competitiveness.</li>
 <li>Trump gains crypto community support with endorsements from prominent figures like Cathie Wood.</li>
</ul>
<p>Jesse Powell, the founder of the cryptocurrency exchange <a href="https://www.kraken.com/" target="_blank" rel="noopener noreferrer nofollow">Kraken</a>, donated $1 million in Ethereum to former US President Donald Trump’s campaign. This significant contribution underscores Trump’s growing support in the blockchain and cryptocurrency communities.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I just personally donated $1m (mostly <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a>) to <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@realDonaldTrump</a>.<br><br>For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White House has… <a href="https://t.co/Ksxf3P2oCb" rel="noopener noreferrer nofollow">pic.twitter.com/Ksxf3P2oCb</a></p>— Jesse Powell (@jespow) <a href="https://twitter.com/jespow/status/1806569144294556146?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Powell expressed optimism, emphasizing the significance of supporting the only major party candidate who supports the crypto industry in the 2024 presidential election. Powell criticized the Biden administration for a ‘campaign of unchecked regulation by enforcement.’&nbsp;</p>
<p>He maintained that the US’s competitive edge in the international cryptocurrency market is being eroded by these regulations. Powell called out Senator Elizabeth Warren and <a href="https://www.sec.gov/" target="_blank" rel="noopener noreferrer nofollow">Securities and Exchange Commission</a> Chair Gary Gensler as prominent critics of the cryptocurrency industry.</p>
<p>Trump has gained the support of major players in the industry by publicly endorsing cryptocurrencies. He started accepting campaign donations in various cryptocurrencies last month and has given several speeches emphasizing his support for digital assets and bitcoin mining.&nbsp;</p>
<p>Notable crypto advocates, such as <a href="https://cryptonewsland.com/trumps-crypto-advocacy-gains-more-traction-with-cathie-wood-at-the-lead/" target="_blank" rel="noopener noreferrer nofollow">Cathie Wood, CEO of Ark Invest</a>, and Cameron and Tyler Winklevoss, founders of Gemini, have endorsed Trump. While Trump’s <a href="https://cryptonewsland.com/biden-under-pressure-as-trump-gets-2-million-btc-from-gemini-founders-empowering-bitcoin-election/" target="_blank" rel="noopener noreferrer nofollow">support for the cryptocurrency industry</a> is clear, President Joe Biden has yet to take a strong position on cryptocurrencies.&nbsp;</p>
<p>The Biden campaign is reportedly considering accepting cryptocurrency donations through Coinbase Commerce. On Thursday night, CNN hosted the first presidential debate between Biden and Trump.&nbsp;</p>
<p>Although the topic of blockchain and cryptocurrency was not addressed, the debate has fueled calls for Biden to reconsider running for reelection in 2024. The crypto community’s growing support for Trump emphasizes how crucial digital assets will be to the outcome of the election.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/crypto-friendly-faces-reshape-financial-policy/" rel="noopener noreferrer nofollow">Crypto-Friendly Faces Reshape Financial Policy</a></li>
 <li><a href="https://cryptonewsland.com/federal-reserve-chairman-declares-crypto/" rel="noopener noreferrer nofollow">Federal Reserve Chairman Declares Crypto as a New Asset Class</a></li>
 <li><a href="https://cryptonewsland.com/kraken-ceo-calls-binance-proof-of-reserves-pointless/" rel="noopener noreferrer nofollow">Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless</a></li>
 <li><a href="https://cryptonewsland.com/shibarium-boosts-community-engagement-with-donate-feature/" rel="noopener noreferrer nofollow">Shibarium Boosts Community Engagement with ‘Donate’ Feature</a></li>
 <li><a href="https://cryptonewsland.com/do-kwon-seeks-shelter-in-dubai-will-it-let-him-in/" rel="noopener noreferrer nofollow">Do Kwon Seeks Shelter in Dubai: Will It Let Him In?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/kraken-chairman-donates-1-million-in-ethereum-to-trump-campaign-citing-crypto-friendly-policies-amid-biden-trump-debate/" rel="noopener noreferrer nofollow">Kraken Chairman Donates $1 Million in Ethereum to Trump Campaign, Citing Crypto-Friendly Policies Amid Biden-Trump Debate</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Kraken Chairman Donates $1 Million in Ethereum to Trump Campaign, Citing Crypto-Friendly Policies Amid Biden-Trump Debate

Crypto News Land

Other articles published on Jun 28, 2024

Pendle lifts cap for Ethena’s USDe, the protocol also extends into Aave

RCO Finance Ready for Liftoff to New ATH While Uniswap (UNI), WIF, and BONK Keep Losing Ground

Three Strategies To Follow During the $10 Bn Token Unlocks in Q3 and Q4

It will be the first time in his career that the Scandal World Champion performs at the Olympics.

Political Meme Coins Plunge 6% As Donald Trump And Joe Biden Fail To Mention Crypto In First Pres...

How Many Kaspa (KAS) Do You Need to Become a Millionaire?

Join our free newsletter for daily crypto updates!