US News

Donald Trump significantly outperforms Joe Biden in fundraising for May and explores cryptocurrency options | US News


New figures reveal that Donald Trump’s presidential campaign raised significantly more funds than Joe Biden’s campaign last month.

In May, the Republican candidate received £111m in contributions, with a large portion coming in after he was convicted of falsifying business records.

Following the verdict, a New York jury found Trump guilty of concealing a “hush money” payment to adult film star Stormy Daniels, resulting in a billionaire donating £39.5m.

Please use Chrome browser for a more accessible video player

Trump slams ‘rigged’ trial and ‘devil’ judge

Trump’s campaign has declined to disclose its current cash reserves, leading critics to speculate that the politician is allocating substantial funds towards legal expenses.

In contrast, Mr. Biden raised £67m in May, approximately 40% less than Trump, with Democratic records showing £167m available for the election campaign.

Julie Chavez Rodriguez, who oversees Biden’s campaign, stated: “The funds we are continuously raising are crucial in developing a strategic campaign that invests in engaging and winning crucial voters, which stands in stark contrast to Trump’s superficial campaign activities.”

The recent data illustrates a shift in US political norms, where a presidential candidate’s felony conviction would have traditionally ended their campaign; however, Trump’s situation sparked a surge in financial backing.

He is likely to utilize these funds for increased advertising efforts in swing states as the November election approaches.

Read more US news:
Ten Commandments law unveiled
Who will be Trump’s running mate?

Please use Chrome browser for a more accessible video player

Biden freezes during holiday celebrations

Fundraising data for June is still pending, with a recent fundraiser attended by celebrities and former president Barack Obama gathering over £23m for the Democrats.

Billionaire Michael Bloomberg contributed £15m to pro-Biden organizations and publicly endorsed the incumbent president last Thursday.

Meanwhile, Trump has started embracing cryptocurrencies to bolster his campaign finances.

Despite previously criticizing Bitcoin as a “scam” and lacking intrinsic value, Trump has reversed his stance and expressed support for the digital currency industry, aiming to become the “crypto president.”

Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

Trump has become the first major US election candidate to accept cryptocurrency donations, with rumors circulating this week about his launch of a digital asset named “TrumpCoin,” causing a surge in demand.

Cameron and Tyler Winklevoss, crypto billionaires known for their legal dispute with Mark Zuckerberg, donated £1.6m in Bitcoin to Trump, citing his favorable stance towards Bitcoin, cryptocurrency, and business.



Source link

TruthUSA

I'm TruthUSA, the author behind TruthUSA News Hub located at https://truthusa.us/. With our One Story at a Time," my aim is to provide you with unbiased and comprehensive news coverage. I dive deep into the latest happenings in the US and global events, and bring you objective stories sourced from reputable sources. My goal is to keep you informed and enlightened, ensuring you have access to the truth. Stay tuned to TruthUSA News Hub to discover the reality behind the headlines and gain a well-rounded perspective on the world.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.