Trump PAC Raises $7.5 Million in Crypto Donations

The Trump 47 political action committee (PAC) has raised approximately $7.5 million in cryptocurrency donations to support Donald Trump's 2024 presidential election campaign. The contributions, made in Bitcoin (BTC), Ether (ETH), XRP, and stablecoins like Tether (USDT) and USD Coin (USDC), were reported in a Federal Election Commission filing. Notable donors include Cameron and Tyler Winklevoss, Ripple's legal chief Stuart Alderoty, and BTC Inc. CEO David Bailey, among others. This surge in crypto donations aligns with Trump's recent pro-crypto stance, contrasting his earlier criticism of cryptocurrencies. Trump has positioned himself as a pro-crypto candidate this election cycle, which has attracted significant support from the crypto industry, including major firms like Coinbase and venture capital company Andreessen Horowitz. Meanwhile, some crypto leaders, such as Ripple co-founder Chris Larsen, have supported Trump's rival Kamala Harris, illustrating the diverse political affiliations within the crypto community.