Jesse Powell, co-founder of Kraken, has publicly announced that he has personally donated $1 million, primarily through Ether, towards Donald Trump’s 2024 Presidential campaign.
Powell expressed his strong support for Trump as the only major party candidate who is advocating for policies that support cryptocurrency.
He also stated that he is proud to join other leaders in the crypto community in backing Trump for the presidency, as he believes that this will help the US to maintain its leadership position in blockchain technology.
In addition, Powell criticized the current administration’s regulatory approach towards the crypto industry, specifically citing officials like Elizabeth Warren and SEC Chair Gary Gensler for their actions which he believes will harm the competitiveness of the US in this field.
