Jesse Powell, one of the founders of Kraken, disclosed recently that he has personally contributed a sum of $1 million, mostly in Ether, to Donald Trump’s campaign for the 2024 presidency. Powell underlined his backing for Trump, noting him as the sole prominent candidate from the major parties who is currently championing policies supportive of cryptocurrencies.
Further, amidst the Biden-Trump debate, the subject of cryptocurrencies remained entirely absent. Powell also critiqued the regulatory stance of the Biden administration towards the crypto sector in a recent communication. Specifically, Powell accused figures such as Senator Elizabeth Warren and Gary Gensler, the Chair of the Securities and Exchange Commission, of diminishing the competitive edge of the United States in this field.
Rudy De La Cruz, who serves as a general and strategic partner at BasedVC, shared with Cointelegraph a sense of positivity prevailing in the cryptocurrency industry. In another realm, Powell expressed his belief that Trump’s participation in the upcoming 2024 presidential race presents an opportunity for the U.S. to take the lead in blockchain technology.
In his communication, accompanied by a photograph featuring Powell and Trump strengthening their alliance, Powell also included the hashtag #freeross, referencing Ross Ulbricht. Ulbricht received a life sentence without the possibility of parole plus an additional 40 years back in 2015 for establishing and operating the dark web marketplace Silk Road, used for anonymous transactions of goods and services.
Moreover, Donald Trump reiterated his support for cryptocurrencies at a fundraising event, while Powell reiterated his allegiance to Trump and Ulbricht. Meanwhile, on June 20, Robert F. Kennedy Jr., a candidate in the U.S. presidential race, declared in a statement that he would release Ulbricht should he be elected in the upcoming November elections. RFK Jr. also indicated his intention to sign a petition advocating for Ulbricht’s freedom and encouraged others to do the same.
In a different context, as the challenge of Ethereum phishing becomes more complex, individuals engaging in unauthorized draining activities are transitioning towards platforms like TON and Bitcoin.