Kraken Co-founder Backs Trump's 2024 Campaign with $1M Crypto Donation, Criticizes Biden Admin
Summary:
Kraken's co-founder, Jesse Powell, has announced a personal donation of $1 million, mainly in Ether, to Donald Trump's 2024 Presidential campaign. He backs Trump as the sole major party candidate currently advocating for pro-cryptocurrency policies. Powell also criticizes the Biden administration, including Elizabeth Warren and SEC Chair Gary Gensler, for weakening the US's competitiveness in the cryptocurrency industry. The story is still developing.
Kraken's co-founder, Jesse Powell, has disclosed on platform X that he has offered a personal donation of one million dollars, predominantly in Ether, towards the 2024 Presidential campaign of Donald Trump. Powell highlighted his endorsement of Trump, who is presently the sole major party candidate advocating pro-cryptocurrency policies. "It's an honor to align with others in our community in supporting the lone pro-crypto candidate in the 2024 Presidential election, so the United States can sustain its prominence in blockchain technology," he said.
Furthermore, Powell expressed his criticism on the current regulation strategy towards cryptocurrency by President Joe Biden’s administration. He pointed fingers at significant figures like Elizabeth Warren and Securities and Exchange Commission (SEC) Chair Gary Gensler for purportedly reducing the competitiveness of the United States. "The crypto industry has been under pressure for too long due to the actions of Elizabeth Warren, Gary Gensler and their ilk," said Powell. As this story continues to unfold, more information will be incorporated once it is received.
Published At
6/28/2024 9:23:57 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.