Trump's Campaign Coin Purse Swells by $3 Million in Crypto

IconCryptoNewsTerminal Staff16 Jul, 2024

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Trump's Campaign Coin Purse Swells by $3 Million in Crypto

In a surprising move, Donald Trump's presidential campaign raked in a hefty $3 million in cryptocurrency donations during the second quarter. The Wall Street Journal broke the news, disclosing that these contributions primarily comprised Bitcoin and Ether. This surge in virtual currency support further boosted the campaign's total earnings to an impressive $331 million during the quarter. Although the former president is known for his skepticism towards digital assets, his campaign's embrace of crypto donations signals a growing acceptance of this emerging financial landscape within the Republican party. This move not only aligns with the tech-savvy and anti-establishment leanings of many Trump supporters but also reflects the campaign's willingness to explore alternative fundraising avenues.

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