Kraken co-founder Jesse Powell has apparently made the identical mistake because the Winklevoss Twins and made a $1 million donation to Donald Trump’s election marketing campaign regardless of the authorized restrict for a single-person donation being $844,600.
Powell made the donation, which he claims was made up of principally ether, earlier at the moment however there’s an opportunity a great chunk of that might be refunded. As reported by Bloomberg final week, every of the Winklevoss Twins was refunded the surplus quantity of $155,400.
Protos has reached out to Kraken to make clear whether or not or not Powell’s $1 million donation broke the authorized restrict.
Final November the Securities and Trade Fee (SEC) accused Kraken of working an unregistered securities trade. It alleges that it made ‘hundreds of millions of dollars’ by unlawfully promoting crypto tokens the fee deems as securities.
Powell, who swapped his CEO position for the place of board chairman, referred to as the costs in opposition to the trade “another attack on America.”
He has since joined crypto proponents in backing Trump’s marketing campaign as the previous president seemingly adopts a pro-crypto stance (a change from calling it a rip-off 5 years in the past). The Joe Biden marketing campaign has additionally modified its tune on crypto, reportedly in search of steerage on ‘crypto community and crypto policy moving forward.’
Learn extra: Joe Biden is instantly pro-crypto after Trump embraces it
When Powell introduced the donation he stated, “I am excited to join other leaders from our community to unite behind the only pro-crypto major party candidate in the 2024 Presidential election so the United States can continue to remain a leader in blockchain technology.”
Regardless of the ‘pro-crypto’ endorsement, crypto reportedly wasn’t talked about throughout final evening’s Donald Trump v. Joe Biden election debate.
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