Former President Donald Trump is making notable strides in garnering support in the digital asset sphere. Interestingly, he has generated over $4 million in various cryptocurrencies, including Bitcoin, Ether, Ripple’s XRP token, and the dollar-pegged stablecoin, USDC. This news corresponds with a Federal Election Commission’s report concerning contributions made to the Trump 47 Committee.
The extensive report, which spans over 1,000 pages, compiles data for the Trump 47 joint fundraising efforts from April to June. It reveals that the committee successfully raised more than $118 million in this period. The received funds are allegedly allocated to the Trump campaign, the Republican National Committee, along with several other parties.
There were at least 19 contributors who donated over $2.15 million in Bitcoin alone. These donors span 12 states, including key battlegrounds, and come from various professions including homemakers, military officers, missionaries, sales reps, and security technicians with the State Department. Notable contributors were the billionaire Winklevoss twins who made individual contributions of 15.57 Bitcoin. However, due to crossing the contribution limit, a partial refund was issued.
Trump’s recent positioning as a pro-crypto presidential candidate marks a significant shift from his previous stance during his presidency. His recent foray into launching a non-fungible token (NFT) collection on the Solana blockchain has fueled this perception. Prompted by bullish comments regarding cryptocurrency, influential tech figures, and crypto investors like Marc Andreessen and Ben Horowitz have also shown their support.
Trump indeed continues his activities in the crypto space as he is set to take the stage for a keynote address at The Bitcoin Conference in Nashville. He will also host a campaign fundraiser simultaneously, with the cost of admittance running up to a staggering $844,600 per person.