Kraken Co-Founder announces $1 million donation to Trump campaign, mostly in ETH

BlockBeats news, on June 28, Kraken co-founder Jesse Powell stated on his social platform that he personally donated $1 million to the Trump campaign, mainly in ETH.

Powell said that the encryption industry has long been attacked by Elizabeth Warren, Gary Gensler and others. Although both parties in Congress have done their best to establish clear rules, the Biden administration has stood idly by and allowed law enforcement to conduct unrestrained supervision. As other major economies in the world have introduced clear digital asset regulatory rules, this practice is undermining the competitiveness of the United States.

Powell tweeted, "It's great to unite with other leaders in our community behind the only pro-cryptocurrency major party candidate in the 2024 presidential election so that the United States can continue to maintain its leading position in blockchain technology."