Jesse Powell, the co-founder of Kraken, has pledged $1 million in Ether to support Trump, thereby backing pro-crypto policies in opposition to regulatory crackdowns.
Jesse Powell, the co-founder of Kraken, has disclosed on X that he has contributed $1 million, primarily in Ether, to Donald Trump’s 2024 presidential campaign.
Powell underscored his endorsement of Trump, the sole major party candidate currently advocating for pro-crypto policies.
Powell took issue with Joe Biden’s regulatory stance on the cryptocurrency market in his essay. Powell accused officials such as Securities and Exchange Commission (SEC) Chair Gary Gensler and Senator Elizabeth Warren of undermining the competitiveness of the United States (U.S.).
Elizabeth Warren, Gary Gensler, and other individuals have been disparaging the crypto industry for an excessive amount of time.
Powell maintains that the United States has the opportunity to establish itself as a leader in blockchain technology through Trump’s candidacy in the forthcoming 2024 presidential election.
“I am enthusiastic about the opportunity to work with other leaders in our community to support the sole major party candidate who is pro-crypto in the 2024 Presidential election. This will ensure that the United States remains a leader in blockchain technology.”
The post, which featured an image of Powell and Trump strengthening the alliance, also contained the hashtag #freeross, which was a nod to Ross Ulbricht.
In 2015, Ulbricht was sentenced to life imprisonment without parole and an additional 40 years for the creation and operation of the Silk Road, an online illicit market that enabled users to purchase products and services anonymously.
If elected in November, Robert F. Kennedy Jr., the U.S. presidential candidate, declared in an X post on June 20 that he would release Ulbricht.
Also Read: Phantom wallet on iOS AppStore steals funds
Wallets