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Crypto advocates boost Trump donations as ‘Stand With Crypto’ campaign gains momentum
Shraddha Sharma
- Ark Invest CEO Cathie Wood is choosing Trump over Biden in US Elections 2024.
- Previously, the Winklevoss twins cumulatively donated $2 million towards Trump’s presidential campaign.
- ‘Stand With Crypto’ campaign tags Donald Trump as a pro-crypto candidate.
Crypto advocates are increasingly backing Donald Trump in the US Presidential race in 2024. Meanwhile, the ‘Stand With Crypto’ campaign has gained momentum with over 1 million registered supporters.
Donald Trump, the self-proclaimed ‘crypto president’ could be benefitting from the campaign as the Stand With Crypto campaign has graded him ‘A.’
Ark Invest founder backs Trump for POTUS
Ark Invest CEO Cathie Wood noted at a conference in Las Vegas that she is backing former President Trump over President Biden as the US Election race heats up. She said,
“I am going to vote for the person who’s going to do the best job for our economy. I am a voter when it comes to economics, and on that basis, Trump.”
Wood’s statement comes soon after Cameron and Tyler Winklevoss – founders of the Gemini crypto exchange – cumulatively donated $2 million in Bitcoin towards Trump’s campaign. While the amount was reported reduced to meet the legal limits, Trump continues to be in crypto news.
Also Read: Trump speculation fuels DJT memecoin 350% rally, but uncertainty remains
TrumpCoin (DJT), a Solana-based meme coin, is witnessing a turbulent price action since its recent debut. The social media chatter alleged that the coin is backed by the former president before the rumors were debunked.
Ark Invest Founder Cathie Wood (@CathieDWood) announces she will support Donald Trump for President in 2024
— ALX 🇺🇸 (@alx) June 24, 2024
StandWithCrypto campaign supports pro-crypto leaders
Crypto-community backed #StandWithCrypto campaign supports Trump as a pro-crypto politician as the Republican candidate has supported crypto and criticized a Fed-led digital dollar for the US citizens.
The ‘Stand With Crypto’ campaign notes the importance of supporting pro-crypto candidates, urging its over 1 million crypto advocates to register to vote while calling for greater economic freedom.
Also Read: Donald Trump proudly calls himself crypto president
Meanwhile, the November elections are expected to play a crucial role in determining the future of crypto regulations. In the presidential race, the campaign has tagged President Joe Biden with grade D, indicating a stance against crypto. In contrast, Donald Trump and Robert Kennedy, are graded A and seen as strong supporters of the crypto sector.
The Stand With Crypto campaign has urged CNN to add crypto to its debate agenda at the Presidential Debate on June 27th. Meanwhile, SkyBridge Capital’s Anthony Scaramucci sees Biden mellowing his anti-crypto stance ahead of the potential second term. “I have talked to many people on the Biden campaign…[he] will take a softening approach to crypto,” Scaramucci said in a podcast.
Cryptopolitan reporting by Shraddha Sharma
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Shraddha Sharma
Sharma brings around five years of experience as a financial journalist, with an educational background in investment banking and finance. She began her career in India as a business news trainee and video producer. She discovered crypto during this period but the pandemic-led lockdown gave her time to slow down and understand the asset class better. Sharma has been keen to understand emerging technologies as they influence broader markets.
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