As the election approaches, former US President Trump is receiving a large amount of cryptocurrency donations. Online cryptocurrency donations have reached nearly $60,000, excluding donations made through centralized exchanges like Coinbase. According to blockchain analytics firm Breadcrumbs, the Trump campaign received $218 in online cryptocurrency donations from 59,386 donors. Analyst James Delmore explains that many donations come from exchanges that are not considered on-chain transactions. The majority of donations are in USDC and are transmitted through Ethereum, Basis, and Polygon networks. Trump’s campaign has raised over $2.6 billion, with traditional donations still dominating. Read more:
Casey Wood says Donald Trump is the best choice for the US economy. The Winklevoss twins announced a $20,000 Bitcoin donation to support Trump’s campaign and his stance on cryptocurrencies. However, part of the twins’ donation was returned due to exceeding the allowed amount. Trump’s campaign began accepting cryptocurrency donations in May, emphasizing support for the industry. This move comes amidst regulatory challenges and as Congress shifts towards supporting cryptocurrency legislation with the election approaching.
How much cryptocurrency did Donald Trumps supporters donate to his campaign
