Donald Trump’s presidential campaign raised substantially more money than Joe Biden’s last month, new figures show.
The republican candidate received 111 million pounds in contributions during May, and tens of millions were sent after he was convicted of falsifying business records.
A New York jury found Trump guilty of covering up a payment of “hush money” to an adult film star Stormy Daniel – with a billionaire donating £39.5 million after the verdict was reached.
Trump criticizes “rigged” trial and “devil” judge
trump The campaign has refused to confirm how much cash he has in the bank, leading critics to suggest the embattled politician is spending too much on legal fees.
On the contrary, mr biden raised £67 million in May (about 40% less) and official records show the Democrats have £167 million available for the election battle.
Julie Chávez Rodríguez, who runs Biden’s campaign, said: “The money we continue to raise is important and is helping the campaign build an operation that invests in reaching and winning over the voters who will decide this election, a stark contrast to the Trump’s public relations stunts and photographs pretending to be a campaign.
The latest figures show how the rules of American politics are changing. While a presidential candidate would once have had to withdraw from the race after being convicted of serious crimes, Trump’s verdict sparked a surge in financial support.
Now he will likely use this money to increase advertising and try to attract voters in swing states as the November election approaches.
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June fundraising data is yet to emerge: a splashy fundraiser attended by film stars and former president Barack Obama raised more than £23 million for Democrats last weekend.
Billionaire Michael Bloomberg also donated £15 million to pro-Biden groups and formally endorsed the sitting president on Thursday.
Meanwhile, Trump has increasingly turned to cryptocurrencies as he tries to fill his campaign war chest.
He once described Bitcoin as a “scam” whose value is based on air, but in a sharp 180-degree turn, he has now declared that he wants to be the “crypto president” and support the industry.
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Trump is the first major candidate in a American elections to accept crypto donations, and earlier this week, there were unsubstantiated rumors that he had launched his own digital asset, leading to a surge in demand for “TrumpCoin.”
On Thursday, Cameron and Tyler Winklevoss, crypto billionaires best known for accusing Mark Zuckerberg of stealing their Facebook idea, donated £1.6 million worth of Bitcoin to Trump, describing him as “pro-Bitcoin, pro-crypto and pro-business.” .
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