Trump reportedly secured $25 millions in donations

At the Nashville Bitcoin Conference, former President Donald Trump reportedly secured $25 million in donations, as revealed by Fox Business journalist Eleanor Terrett. Terrett noted on X (Twitter) that this substantial amount was confirmed by Bitcoin Magazine CEO David Bailey.

• The event drew a diverse group of high-profile attendees, including the Winklevoss twins, singer Kid Rock, actor Jake Paul, and songwriter Billy Cyrus. Their presence underscores the strong interest within the crypto community in supporting political figures who back digital currencies.
• Despite some skepticism comparing the fundraiser to meme coin pre-sales, with Chairman Birb Bernanke commenting, “More money was thrown at the SLERF presale,” the fundraiser was a significant success.
• Trump used the event to reinforce his pro-crypto stance, promising to fire SEC Chair Gary Gensler, a move that was met with cheers from attendees. Notably, the entry fee for a private roundtable with Trump was set at $844,600, payable in crypto (approximately 13.20 Bitcoin), while photos with Trump cost $60,000 per person or $100,000 per couple.

This fundraiser is part of a broader effort to engage with the crypto community. Since June, Trump’s campaign has accepted donations in various cryptocurrencies, accumulating over $4 million by July 2024. These contributions came from prominent cryptocurrencies like Bitcoin, Ethereum, and Ripple’s XRP, as well as the stablecoin USDC. Previously, in June, a fundraiser hosted by venture capitalists David Sacks and Chamath Palihapitiya raised approximately $12 million, attracting key figures from the crypto industry, including Gemini co-founders Tyler and Cameron Winklevoss and executives from Coinbase.