Musk, the ‘Dogecoin Fan,’ Bolsters Trump’s Campaign with $75M
The post Musk, the ‘Dogecoin Fan,’ Bolsters Trump’s Campaign with $75M appeared on BitcoinEthereumNews.com.
Elon Musk’s involvement in Trump’s campaign, including a series of speeches in Pennsylvania, has reportedly improved Trump’s odds of winning. Musk’s political activities have positively impacted Dogecoin’s price, which rose by 11.68% in 24 hours and recorded a significant increase in trading volume. Tech mogul Elon Musk has made headlines once again, this time for his significant financial support to Donald Trump’s presidential campaign. According to recent reports, the billionaire contributed nearly $75 million to a pro-Republican political action committee (PAC) called America PAC. This substantial donation positions “Dogecoin Fan” Musk as one of the key backers in Trump’s bid for re-election. Elon Musk’s Massive Donation To Donald Trump The PAC has a clear focus on promoting candidates who prioritize secure borders, controlled government spending, public safety, justice reform, free speech, and the right to self-defense. The America PAC has already invested more than $96 million into Trump’s campaign, as per data from OpenSecrets. Furthermore, reports suggest that a Trump victory could pave the way for XRP ETF and Solana ETF. Hence, Musk’s backing of Trump has made him the leading figure among the Republican candidate’s top finance supporters in the November 2024 election. In addition to financial support, Musk also takes a hands-on approach to campaigning. The Tesla CEO is currently giving a series of talks across Pennsylvania as part of Trump’s campaign efforts. His speeches are scheduled to run until Monday. These events require the attendees to sign America PAC’s free speech petition and show proof that they have voted in Pennsylvania. Moreover, according to a Reuters report, Dogecoin Fan Musk’s involvement in Trump’s Pennsylvania rallies will likely increase in the coming days. Trump’s odds of winning Furthermore, Pennsylvania appears to have improved following Musk’s appearances. According to data from Polymarket, Trump is now leading Kamala Harris by…
Filed under: News - @ October 16, 2024 11:26 pm