On October 16, according to documents released by the US Federal Election Commission (FEC), the Trump 47 Committee, a political action committee supporting former President Donald Trump's campaign, has raised about $7.50 million in cryptocurrency donations since the beginning of June 2024. According to the FEC filing, the report covers contributions made between July 1 and September 30, 2024, including cumulative contributions. Donors donated Bitcoin, Ethereum, XRP and USDC to the commission. Specifically, at least 18 donors donated more than $5.50 million in Bitcoin, and seven others donated about $1.50 million in Ethereum. Donors came from more than 15 states, including several swing states, as well as the US territory of Puerto Rico. David Bailey, CEO of media group BTC Inc., donated more than $498,000 in bitcoin. Bailey is considered one of the point persons who helped Trump shift his stance on cryptocurrencies. Among the donations from people in the crypto industry, Ripple Chief Legal Officer Stuart Alderoty donated $300,000 in XRP. However, Ripple's billionaire co-founder Chris Larsen donated $1 million worth of XRP to Future Forward, a super PAC that supported Vice President Kamala Harris's campaign.