Trump PAC Raises $7.5 Million In Crypto As Election Nears

Benzinga

A political action committee supporting former President Donald Trump has raised approximately $7.5 million in cryptocurrency donations, according to a Federal Election Commission filing. The Trump 47 committee received contributions in bitcoin, ether, XRP, tether, and USDC, with major donations from figures in the crypto industry. Trump, who previously opposed cryptocurrency during his time in office, has embraced the industry in his 2024 campaign. The crypto sector has raised about thirteen times more for this election cycle than in 2020.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02A political action committee supporting former President Donald Trump has raised

00:06approximately $7.5 million in cryptocurrency donations, according to a federal election

00:11commission filing. The Trump 47 committee received contributions in Bitcoin, Ether,

00:16XRP, Tether, and USDC, with major donations from figures in the crypto industry.

00:22Trump, who previously opposed cryptocurrency during his time in office,

00:26has embraced the industry in his 2024 campaign.

00:29The crypto sector has raised about 13 times more for this election cycle than in 2020.

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