Former U.S. President Donald Trump’s campaign raised $3 million in crypto last quarter, much of it in bitcoin (BTC) and ether (ETH), according to the Wall Street Journal.
Newly released campaign finance data indicates the Republican nominee’s recent embrace of crypto helped woo big contributions from some of the industry’s major players, including the Winklevoss twins (whose Gemini exchange helps process donations) and Kraken co-founder Jesse Powell.
Around 100 people donated crypto to his campaign between May and the end of June, per the Journal, highlighting a niche appeal. Far more people contributed to his campaign in more traditional forms, via credit cards and the like. The Trump campaign raised $331 in the second quarter.
While relatively small in size the crypto donations have had outsize media impact in bolstering Trump’s crypto credentials. He’s positioned himself as friendly to the industry and eager to make U.S. regulations more welcoming. That’s helped turn some vocal supporters onto his campaign.
