Crypto Backs Donald Trump: $4 Million War Chest In Bitcoin, XRP For Re-election

Crypto Backs Donald Trump: $4 Million War Chest In Bitcoin, XRP For Re-election
Former President Donald Trump is set to deliver a keynote address at the 2024 Bitcoin Conference in Nashville, Tennessee, this weekend, amid growing speculation that Trump may announce Bitcoin as a strategic reserve asset for the United States. This move could have a significant impact on the entire cryptocurrency industry. Bitcoin Contributions Support Trump and Vance’s Platform According to a CNBC report, Trump has raised over $4 million in campaign contributions from a variety of digital assets, including Bitcoin, Ethereum (ETH), XRP, Circle’s USDC stablecoin, and various memecoins, ahead of his highly anticipated appearance at the conference.  Per the report, the contributions were made through the “Trump 47” joint fundraising committee, which raised over $118 million between April 1 and June 30. Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline The report also indicates that at least 19 donors contributed more than $2.15 million in Bitcoin to the committee, with contributions from 12 states, including some considered “key battleground regions.”  CNBC found that donors’ occupations ranged from housewives to US military officers, missionaries, painters, sales representatives, and State Department security technicians. Cry ..

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