Kraken co-founder Jesse Powell has donated US$1 million to Donald Trump’s presidential campaign, primarily in Ether.
The contribution underscores the crypto community’s search for a candidate who favors their industry, amidst dissatisfaction with the current administration’s regulatory stance.
Powell’s donation joins a series of crypto contributions to Trump’s campaign, including those from notable industry figures such as the Winklevoss twins.
Trump has emerged as a pro-crypto candidate, accepting cryptocurrency donations and advocating for the U.S. to become a leader in Bitcoin production, contrasting with the Biden administration’s more enforcement-focused approach to crypto regulation.
Despite the significance of cryptocurrency in the political sphere, the first presidential debate between Biden and Trump on Thursday did not address the topic.
The lack of discussion on digital assets was noted by the wider community.
