Share this article
Kraken Co-Founder Jesse Powell Donates $1M, Mostly Ether, to Donald Trump
Powell said he is supporting the only major pro-crypto party candidate.
Updated Jun 28, 2024, 9:40 a.m. Published Jun 28, 2024, 9:32 a.m.
- Kraken co-founder Jesse Powell donated $1 million to U.S. presidential candidate Donald Trump.
- Powell joins the Winklevoss twins, founders of the Gemini exchange, in helping fund his campaign.
Jesse Powell, a co-founder of the crypto exchange Kraken, said he donated $1 million to Republican presidential hopeful Donald Trump, most of which was in ether .
"I am excited to join other leaders from our community to unite behind the only pro-crypto major party candidate in the 2024 Presidential election," Powell posted on his X account.
STORY CONTINUES BELOW
Trump has emerged as a pro-crypto candidate during the election campaign. Last month, he said he was accepting donations in crypto. He has called for all bitcoin to be made in the U.S. and said the nation should be a leader in the crypto field. He has yet, however, to suggest any policies for crypto. The topic did not arise during yesterday's first presidential debate against President Joe Biden, despite the crypto community's best efforts.
Powell joins other personalities in the crypto community who have been fueling Trump's campaign. Gemini exchange founders the Winklevoss twins said they had each given Trump $1 million, though some was reportedly refunded to comply with donation limits.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ECB’s Christine Lagarde shifts focus to digital euro rollout after holding rates
With technical and preparatory work complete, the ECB pressed lawmakers to move quickly on Europe’s public digital currency amid global stablecoin concerns.
What to know:
- The European Central Bank has completed its preparatory work on the digital euro, awaiting action from political institutions.
- ECB President Christine Lagarde emphasized a data-driven approach to interest rate decisions, with inflation projected to meet the 2% target by 2028.
- The digital euro is prioritized as a strategic financial tool, expected to launch in the second half of 2026.
Top Stories
