The Block Crypto News16 minutes ago

Published on June 28, 2024 07:30 GMT+00:00edited on June 28, 2024 07:34 GMT+00:00

Jesse Powell, founder of Kraken cryptocurrency exchange, announced on X today that he has donated $1 million to former U.S. President Donald Trump’s campaign.

“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 so the United States can continue to remain a leader in blockchain technology,” Powell said in the X post. The post detailed that the $1 million donation consists mostly of ether.

The former Kraken leader stated that the Biden administration has allowed a “campaign of unchecked regulation by enforcement” that is weakening the U.S. competitiveness against other major economies in regulating crypto assets. Powell cited names such as Senator Elizabeth Warren and Securities and Exchange …