Trump raises more than $4 million in bitcoin, other digital coins as crypto support pays off

  • Former President Donald Trump has raised more than $4 million in cryptocurrencies.
  • Contributors to the Trump 47 Committee have donated bitcoin, ether, Ripple’s XRP token and the U.S. dollar pegged stablecoin USDC, according to a Federal Election Commission filing.
  • Trump is keynoting a major bitcoin conference in Nashville, Tennessee, on Saturday.

NASHVILLE, Tennessee — Former President Donald Trump is headed to Tennessee this weekend to deliver a keynote address at a major bitcoin conference. It’s looking like he’ll be in front of a favorable crowd.

Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. Contributors have donated bitcoin
, ether
, Ripple’s XRP
token, the U.S. dollar pegged stablecoin USDC
and various memecoins, according to a Federal Election Commission filing.

The 1,000-plus page report shows totals for the “Trump 47” joint fundraising committee from April 1 to June 30. The committee raised more than $118 million during that period, with payouts going to the Trump campaign, the Republican National Committee and other parties, according to the filing.

At least 19 donors contributed more than $2.15 million bitcoin to the committee, the filing shows. Contributors hail from 12 states, including a few battlegrounds. Their professions include homemaker, U.S. military officer, missionary, painter, sales rep for a pizza company and a security technician with the State Department.

https://www.cnbc.com/2024/07/25/trump-raises-more-than-4-million-in-bitcoin-other-cryptocurrencies.html