Vote election campaign badge button Trump on red background. Source: sofirinaja - stock.adobe.com

Key Takeaways:

Jesse Powell donated $1 million in Ether to Donald Trump’s 2024 campaign, endorsing him as a pro-crypto candidate.
Powell criticized the Biden administration, particularly Senator Elizabeth Warren and SEC Chair Gary Gensler, for harming U.S. crypto competitiveness.
Robert F. Kennedy Jr. also pledged to pardon Ross Ulbricht, who is serving a life sentence for running Silk Road.

Jesse Powell, co-founder of Kraken, has donated $1 million in Ether to Donald Trump’s 2024 presidential campaign, highlighting Trump as the only pro-crypto major party candidate.

Powell criticized the Biden administration, particularly Senator Elizabeth Warren and SEC Chair Gary Gensler, for harming U.S. competitiveness in the crypto sector.

I just personally donated $1m (mostly #ETH) to @realDonaldTrump.

For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White House has… pic.twitter.com/Ksxf3P2oCb
— Jesse Powell (@jespow) June 28, 2024

He believes Trump’s leadership could help the U.S. maintain its blockchain technology dominance.

Kraken founder Jesse Powell donates $1 million to Donald Trump https://t.co/Q0IGfli4hM
— The Block (@TheBlock__) June 28, 2024

Powell’s announcement included a photo with Trump and the hashtag #freeross, referencing Ross Ulbricht, who is serving a life sentence for running the Silk Road online black market.

JUST IN: JESSE POWELL, CO-FOUNDER OF KRAKEN, DONATED $1M, MAINLY IN ETHER, TO DONALD TRUMP'S PRESIDENTIAL CAMPAIGN IN 2024
— BSCN Headlines (@BSCNheadlines) June 28, 2024

Additionally, presidential candidate Robert F. Kennedy Jr. has pledged to pardon Ulbricht if elected.