Kraken's Jesse Powell Donates $1 Million to Trump

Crypto industry leader Jesse Powell has made a significant donation of $1 million, primarily in ethereum, to Donald Trump’s presidential campaign. In a social media post, Powell cited the crypto industry’s struggles with regulation under the Biden administration, specifically naming Elizabeth Warren and Gary Gensler as obstacles. Powell expressed optimism that Trump’s pro-crypto stance will help the US maintain its competitiveness in the global blockchain technology landscape, as other major economies establish clear regulations for digital assets.