A political action committee supporting Donald Trump’s presidential campaign has raised $7.5 million in cryptocurrency.

Contributors to the Trump 47 PAC donated in various digital currencies, including Bitcoin, Ethereum, XRP, and stablecoins like USDC and Tether. The Trump 47 Committee PAC is a joint fundraising organization supporting Donald Trump’s 2024 presidential campaign. It operates alongside the Republican National Committee, transferring millions to the RNC and other Trump-aligned political action committees to support campaign efforts and legal fees.

Significant Cryptocurrency Contributions

The filing covered donations from July 1 to September 30, noting cumulative contributions. At least 18 donors gave over $5.5 million in Bitcoin, while seven provided $1.5 million in Ethereum.

As of October 14, Polymarket users gave Donald Trump a 58% chance of winning the 2024 U.S. presidential election, with betting volumes nearing $2 billion.

Trump’s Foray into Decentralized Finance

On September 16, Trump launched World Liberty Financial, intending to disrupt traditional finance and offer decentralized finance as an alternative.

Pro-Crypto Sentiment

Trump has not shied away from expressing a pro-crypto sentiment during his most recent campaign trail. Historically, Trump had a mixed stance on cryptocurrency. In 2019, he expressed skepticism about Bitcoin, calling it “highly volatile.”

“Crypto is moving out of the U.S. because of hostility toward it. I don’t want that. If we are going to embrace it, we will have to let them be here,” he said in a recent rally.

On May 21, The Trump campaign introduced a fundraising page that accepts donations in any cryptocurrency available on the Coinbase platform.

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