Jesse Powell, a prominent figure in the crypto industry, has recently made a substantial contribution of $1 million, mainly in ethereum, towards Donald Trump’s presidential campaign. Powell took to social media to explain his motivation for this donation, pointing out the challenges faced by the crypto industry in terms of regulation under the Biden administration. He specifically highlighted Elizabeth Warren and Gary Gensler as individuals who have posed obstacles to the industry. Powell expressed his belief that Trump’s favorable stance towards cryptocurrencies will aid the United States in maintaining its competitive edge in the global blockchain technology arena, especially as other major economies establish definitive regulations for digital assets.
