Jesse Powell, a prominent figure in the crypto industry, has donated $1 million, primarily in Ethereum, to Donald Trump’s US presidential campaign.
Powell expressed confidence that Trump’s supportive stance on crypto will help the US stay competitive in the global blockchain technology sector, especially as other major economies implement clear regulations for digital assets.
He voiced criticism of President Joe Biden’s regulatory approach toward the crypto industry.
“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 a post on X.