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Trump Campaign Scores Millions from Crypto Donors
Trump banked over $21 million in donations from crypto donors tied to his Bitcoin 2024 appearance.
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Donald Trump made more than headlines at the Bitcoin 2024 event, as his appearance at the conference raised $21 million for his presidential campaign.
What's the scoop?
- The majority of the new funds came from a private event at the Nashville Music City Center, where a photo with Trump cost $60,000. Reportedly, the fundraiser was Trump’s second-most lucrative ever.
- Notable attendees of the fundraiser included crypto industry luminaries like Gemini cofounders Tyler and Cameron Winklevoss and celebrities like Jake Paul.
- Before Bitcoin 2024, the campaign had raised $4 million in crypto donations, mainly via BTC.
- In his headliner speech at the conference, Trump pledged to reform U.S. crypto regulations, create a strategic bitcoin reserve, and fire SEC Chairman Gary Gensler if elected.
Bankless take:
Politicians are increasingly recognizing the financial and political clout of the crypto community, and they're starting to court these voters more aggressively. Trump's recent fundraising success at the Bitcoin 2024 conference is a clear demonstration of just how significant this support can be. As more politicians follow suit, the battle for the crypto vote will intensify.