After Winklevoss Kraken Exchange Founder Donate $1M to Trump

Founder Of Kraken Exchange Powell Donates $1M to Trump

The US election revolves around lots of debates and discussion and crypto is taking center stage in the debate. Among the two leaders, Donald Trump has become a pro-crypto leader and hence garnering support from the crypto community.

Winklevoss Brothers recently Donated around $2M worth of Bitcoin to Donald Trump and now after them, the founder and former CEO of Kraken exchange donated around $1M to Donald Trump which mostly consists of Ethereum.

The Founder of Kraken Exchange Jesse Powell in his X Post said that “I am excited to join other leaders from our community to unite behind the only pro-crypto major party candidate in the 2024 Presidential election so the United States can continue to remain a leader in blockchain technology”

Jesse Powell also criticized the Biden administration for allowing a “campaign of unchecked regulation by enforcement” that made the USA less competitive against other major economies in regulating the crypto market. 

Jesse Powell has highlighted two names as adversaries of the crypto industry including Senator Elizabeth Warren and SEC Chairman Gary Gensler. 

What does it indicate?

The continued support from the crypto industry like the Winklevoss twins, Cathie Wood, and now Jesse Powell to Donald Trump is increasing the influence of cryptocurrency in the political landscape and the public criticism of the Biden administration’s regulatory approach, along with his naming of Senator Elizabeth Warren and SEC Chairman Gary Gensler as adversaries of the crypto industry, underscores a significant divide.

This suggests that there is a growing alignment of the Crypto community with political leaders who support Blockchain Technology and indicates a strategic effort to ensure that the United States remains a competitive player in the global crypto market.

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