Kraken Co-Founder Donates $1M to Trump's 2024 Campaign, Backs Pro-Crypto Stance
Summary:
Jesse Powell, co-founder of Kraken, donates $1 million, mostly in Ether, to Donald Trump’s 2024 presidential campaign, citing Trump's pro-crypto stance. Powell criticizes President Joe Biden's handling of the crypto industry while lauding the optimism within the industry. Expressing his support for Trump, Powell voices his belief that Trump's candidacy paves the way for American leadership in blockchain technology. Powell's declaration includes the hashtag #freeross, supporting Ross Ulbricht, creator of Silk Road. Meanwhile, presidential candidate Robert F. Kennedy Jr. pledges to free Ulbricht if elected.
Kraken co-founder, Jesse Powell, has publicly declared a personal donation of $1 million, primarily in Ether, to the 2024 presidential campaign of Donald Trump. Powell expressed his endorsement of Trump as the solitary main-party contender presently promoting pro-cryptocurrency principles. He stated, "I'm thrilled to join other figures from our sector in rallying behind the solitary pro-crypto candidate of a major party in the 2024 Presidential race, ensuring that the U.S. remains at the helm of blockchain technology." Incoming news: A null-mention of crypto in Biden-Trump debate.
In his declaration, Powell censured the authoritative technique of current President Joe Biden with regard to the cryptocurrency sphere. He blamed officials such as Senator Elizabeth Warren and Chair of the Securities and Exchange Commission (SEC), Gary Gensler, for dwindling U.S. competitiveness, stating "Elizabeth Warren, Gary Gensler, and others have been continually undermining the crypto sector."
According to Rudy De La Cruz, a general and strategic partner at BasedVC, optimism permeates the cryptocurrency industry. Following a Grayscale survey, Americans have displayed a significant level of anxiety on this matter and the pattern of affluent crypto entrepreneurs and organizations supporting candidates that are pro-crypto isn't a shock. In the realm of related news: Donald Trump confirms his campaign is open to crypto.
Jesse Powell trusts Trump’s candidacy in the forthcoming 2024 presidential race provides an opportunity for the U.S. to pioneer blockchain technology. Powell posted a photo of himself and Trump, highlighting their mutual support, and appended the hashtag #freeross in reference to Ross Ulbricht, who was condemned to life imprisonment without parole plus an additional 40 years in 2015, for establishing and administering the anonymous online black market, Silk Road. Additional related news: Trump publicly supports crypto at fundraiser event, according to reports.
Robert F. Kennedy Jr., a U.S. presidential candidate, declared on June 20, that he would absolve Ulbricht if successful in the upcoming election. Kennedy Jr. insisted that Ulbricht's incarceration had gone on for too long considering his crime was merely running an e-commerce platform, albeit one where illegal activity was conducted. Kennedy Jr. vowed to pardon Ulbricht if he were to be elected President and urged the public to join him in signing the petition for Ulbricht's release. Additional magazine coverage: As phishing on Ethereum becomes more challenging, perpetrators turn to TON and Bitcoin.
Published At
6/28/2024 3:05:13 PM
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