Bill Allison

Donald Trump’s fundraising surge, which threatens to overwhelm President Joe Biden’s carefully stockpiled cash advantage, was powered largely by an explosion of online donations immediately following his felony convictions.

President Joe Biden’s campaign raised $85 million in May, falling short of the total raised by Republican rival Donald Trump for a second straight month, a troubling development for the incumbent before their November rematch.

Donald Trump is seeking to spin his criminal conviction into gold with an appeal to donors to contribute money to his newly embattled presidential campaign.

Donald Trump raised more money last month than Joe Biden for the first time in this election cycle, but the president’s campaign still holds a wide financial edge over his Republican rival.

In this edition of the Bloomberg Crypto newsletter, Bill Allison follows the money from the pockets of wealthy crypto donors into the coffers of political candidates.

President Joe Biden raised more than $90 million for his reelection campaign and the Democratic Party in March, topping Republican nominee Donald Trump’s haul and widening his financial advantage.

Donald Trump is being forced to turn to the rich and the elite as his rallies fail to whip up enough small-dollar donations to fund his cash-strapped campaign.

Donald Trump’s political operation spent an additional $5.6 million on legal fees in February, dampening the Republican presumptive nominee’s political fundraising, which continues to lag his Democratic rival’s cash haul.

President Joe Biden is slated to raise millions of dollars from some of the biggest Democratic donors in Texas this week as he looks to expand his cash lead over rival Donald Trump.

Fairshake, the crypto super political action committee that’s raked in millions in recent months, raised $4.9 million from billionaire twins Cameron Winklevoss and Tyler Winklevoss, according to its latest federal filings.