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Cryptocurrency News Articles

Elon Musk Donates $132 Million to Support Donald Trump's 2024 Presidential Campaign

Oct 27, 2024 at 06:03 am

Elon Musk, the world's richest person, has donated at least $132 million to support Donald Trump's 2024 presidential campaign and other Republican candidates. This significant contribution solidifies Musk's position as a key player in Trump's financial circle.

Elon Musk Donates $132 Million to Support Donald Trump's 2024 Presidential Campaign

World's Richest Person Elon Musk Donates $132 Million to Donald Trump's 2024 Campaign

Elon Musk, the world's richest person, has donated at least $132 million to support Donald Trump's 2024 presidential campaign and other Republican candidates, a significant contribution that cements his role in Trump's inner financial circle.

Musk's recent $56 million donation, disclosed on Monday, brings his total contributions to $132 million, making him the second-largest donor to Trump's campaign after Timothy Mellon, who has donated $148 million, according to a review of campaign finance records by OpenSecrets. Trump has raised a total of $386 million for his campaign.

Musk's involvement in Trump's campaign has sparked discussion nationwide, as the former president ramps up his bid to return to the White House.

A major political group backing Donald Trump's presidential bid is offering daily incentives of up to $1 million for signing petitions to register voters in swing states, a tactic that has raised concerns among legal experts.

America PAC, which is largely funded by Trump, is aiming to collect 500,000 signatures in seven battleground states, including Florida, Pennsylvania, and Michigan, to support Trump's candidacy. The organization, which is not directly affiliated with the Trump campaign, is offering payments of $50 to each person who collects ten signatures.

However, legal experts have expressed caution over this approach, warning that it may cross federal boundaries and lead to potential legal consequences.

Musk's involvement in Trump's campaign extends beyond financial support, as he has joined Trump at rallies and is set to appear at a high-profile event at Madison Square Garden, according to people familiar with the matter.

This public alignment has drawn scrutiny from legal analysts, who are watching closely for any fallout from Musk's involvement in Trump's campaign.

America PAC's "cash-for-signatures" strategy could invite federal investigations, and if found to be illegal, the organization and individuals involved may face penalties, including steep fines or imprisonment.

As the countdown to the election begins, Musk's high-profile involvement may reshape the campaign dynamics, with his bold support potentially marking a new era of tech billionaires influencing elections.

News source:www.binance.com

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