Powell condemned Biden administration’s regulatory efforts, alleging Elizabeth Warren and Gary Gensler stifle innovation.
Kraken CEO Jesse Powell Donates $1 Million Crypto to Trump.
In a surprising move, Jesse Powell, co-founder of Kraken, announced a hefty personal donation of $1 million, primarily in Ether, to Donald Trump’s 2024 Presidential campaign. Powell expressed strong support for Trump, highlighting him as the sole major party candidate advocating for favorable policies towards cryptocurrencies.
“I just personally donated $1m (mostly #ETH) to @realDonaldTrump,” Powell declared in a tweet, emphasizing his belief that Trump’s stance on crypto could benefit the industry.
Powell criticized current regulatory efforts under President Joe Biden’s administration, accusing figures like Senator Elizabeth Warren and SEC Chair Gary Gensler of closing innovation with stringent regulations.
“For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others,” Powell asserted, suggesting that these measures were harming America’s competitive edge in the global blockchain race.