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Five Things to Know in Crypto This Week: BTC Down, SEC Sues, and Powell Donates

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Can the crypto community drive change on Capitol Hill?

Crypto Politics: Donald Trump Gains Support Amid Regulatory Battles

On Friday, June 28, Kraken co-founder and chairman Jesse Powell announced a personal donation to the Donald Trump campaign fund. Powell donated $1 million, mostly in ETH, saying,

“For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White House has stood by and allowed a campaign of unchecked regulation by enforcement. This approach is diminishing US competitiveness as other major economies around the world advance clear rules to regulate digital assets.”

Powell added,

“I…
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