The Kraken founder donated $1 million to Donald Trump and called him “the only pro-Cryto major party candidate.”
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Jesse Powell donates $1 million in Ethereum to support Trump's pro-crypto stance. He criticized the Biden administration for harmful crypto regulations.
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Jesse Powell, co-founder of crypto exchange Kraken, has contributed $1 million, mostly in Ethereum, to Donald Trump's presidential campaign. According to Powell, Trump is the only major party candidate with a pro-crypto stance.
Powell expressed frustration with the current regulatory environment for the crypto industry in the US. He believes that figures like Elizabeth Warren and Gary Gensler are attacking the crypto sector with stricter regulatory measures.
“Despite strong bipartisan congressional efforts to enact clear laws, the Biden White House has allowed an unchecked enforcement campaign,” Powell said, criticizing the Biden administration, arguing that the approach is harming America's competitiveness in global markets. For digital assets.
Powell's latest endorsement of Trump follows a similar move by Gemini founders Cameron and Tyler Winklevoss. Last week, the Winklevoss twins said they each donated $1 million in Bitcoin to the Trump campaign.
Kathy Wood, CEO of Arch Invest, is among the major figures who have recently announced their support for Trump. Wood said in a recent interview that she considered Trump to be the best candidate for the American economy.
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