Another fundraising surge for Harris

With 100 days remaining until the November 5 election, Florida Democrats are witnessing a surge of support for presumptive presidential nominee Kamala Harris. They believe this growing enthusiasm makes Florida—and its 30 electoral votes—competitive once again. More than 7,000 volunteers signed up to campaign in Florida in the first week since Harris announced she was running for President, a sharp jump from the 300 to 400 volunteers on board to help Biden.

Since President Joe Biden announced he would not seek re-election and Vice President Kamala Harris launched her campaign, a diverse coalition of voters—representing various races, generations, and genders—has united through virtual meetups, driving a significant surge in fundraising for the Democrats.

The impressive fundraising totals reflect a tangible excitement around the Democratic Party’s presumptive presidential nominee. Each call has showcased a mix of community organizers, celebrities, and politicians rallying voters to support Harris’ ticket in the upcoming election.

• 600 volunteers
  The following evening in Nevada, Rep. Steven Horsford saw another 600 volunteers sign up in his Las Vegas-area district. Pennsylvania Rep. Madeleine Dean’s constituents were “fired up,” while New Hampshire Rep. Annie Kuster sensed “palpable” enthusiasm. By the end of the week, Illinois Rep. Jan Schakowsky’s team had mobilized 400 volunteers eager to travel to Michigan and Wisconsin to support Democratic campaigns.

“The theory of the case is proving true: There’s a renewed enthusiasm within the Democratic Party for our candidate at the top of the ticket,” said Rep. Angie Craig of Minnesota, who had been among Democrats calling for President Joe Biden to step aside.

• Donations after the Zoom call
  It began on Sunday with a Zoom call hosted by Win With Black Women, which the group reported drew 44,000 attendees and raised over $1.5 million. The following day, Win With Black Men held a similar event that an organizer claimed attracted nearly 54,000 participants and generated $1.3 million.
• Young women donors
  Women, young people, and voters of color have begun flocking to Democratic campaigns in large numbers. The congressional campaign committees for House and Senate Democrats reported unprecedented $1 million days for online donations, among the highest ever recorded. Lawmakers noted that supporters have been coming forward spontaneously, eager to find out how they can contribute.

Donald Trump Accepting Crypto Donations

For the first time in a U.S. election, a major political candidate is now accepting crypto donations. Donald Trump is courting the crypto industry by consistently expressing support for digital assets, including advocating that all remaining Bitcoin (BTC) be mined in the United States.

This represents a significant turnaround for someone who just a few years ago dismissed Bitcoin (BTC) as a scam that threatened the dollar. Nevertheless, the crypto community has reacted favorably to Trump's shift in stance.

Initially, data analysis showed little inflow to the campaign’s crypto wallet. By mid-June, data analytics firm Breadcrumbs found that Trump had raised less than $60,000 in campaign funds. 

Given this change, it’s not surprising that many American crypto investors—and even some everyday users—might be inclined to contribute to his re-election campaign. Indeed, blockchain analytics reveal that Trump has already received at least $8.86 million worth of ETH and USDC through a single Base receive address since April 16, 2024.

1. Ripple’s Chief Legal Officer
   Joining the list of major supporters, Ripple’s Chief Legal Officer, Stuart Alderoty, has donated 624,000 XRP—approximately $300,000—to Trump’s 2024 presidential campaign. FOX Business journalist Eleanor Terrett disclosed this substantial contribution, citing data from the blockchain analytics platform Bread Crumb. Although the donation was made on June 11, 2024, it only became public knowledge following Terrett’s report.
2. Gemini founders Tyler and Cameron Winklevoss
   Ripple’s Chief Legal Officer isn’t the only one backing Trump. Since the campaign began accepting crypto donations on May 21, 2024, it has garnered over $4 million in cryptocurrencies, including BTC, ETH, and XRP, all of which have been converted to USDC. High-profile figures in the crypto industry, such as Gemini founders Tyler and Cameron Winklevoss, have also made substantial contributions, each donating $1 million in BTC. However, because their donations exceeded the legal limit, a portion of their contributions was returned.
3. Jesse Powell
   Other significant donations include $1 million in ETH from Jesse Powell, CEO of Kraken, and $50,000 in BTC from Mike Belshe, CEO of BitGo. Additionally, Messari co-founder Ryan Selkis contributed $50,000 in USDC. These notable contributions from prominent figures in the crypto industry underscore the increasing support for Trump’s presidential campaign and his pro-crypto stance.

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