Captured By Tracy D'souza / 5:20 pm on 29 June 2024
Kraken co-founder Jesse Powell has donated $1 million, mostly in Ether, to former U.S. President Donald Trump. This substantial donation underscores Powell's political involvement and his support for Trump, reflecting the growing intersection between cryptocurrency and politics. Powell has been an outspoken critic of U.S. regulatory policies towards crypto firms, including Kraken, and has advocated for a more favorable regulatory environment. His donation comes at a time when the political influence of the cryptocurrency sector is expanding, as crypto executives increasingly engage in political contributions and lobbying efforts.
