Trump PAC Raises $7.5 Million In Crypto As Election Nears

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A political action committee supporting former President Donald Trump has raised approximately $7.5 million in cryptocurrency donations, according to a Federal Election Commission filing. The Trump 47 committee received contributions in bitcoin, ether, XRP, tether, and USDC, with major donations from figures in the crypto industry. Trump, who previously opposed cryptocurrency during his time in office, has embraced the industry in his 2024 campaign. The crypto sector has raised about thirteen times more for this election cycle than in 2020.

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