GOP Donor Cuts Ties with Trump After $60K Contribution, Accuses Betrayal

Fenton, who previously supported Trump, expressed his disillusionment on the X platform, stating that Trump had abandoned the policies that originally earned his support. The donor, who was also a U.S. Senate candidate for New Hampshire, strongly criticized the former president. Fenton, a prominent businessman and figure in the Bitcoin community, was very critical of the former president. In his statements, Fenton emphasized that his initial support was based on specific policies, not personal loyalty to Trump.

The investor accused Trump of lying and disappointing his followers, arguing that he did not vote for the policies that, according to him, represented the 'America First' wing of Lindsey Graham. Fenton shared what he said was a screenshot of Federal Election Commission data, showing a $60,000 donation made in July 2024 during the election cycle.

In a tweet, Fenton stated: 'We supporters didn’t flip on Trump; he betrayed us and everything he said he stood for.' He also suggested that many conservatives felt the same but remained silent. Fenton also claimed that the remaining support for Trump came from people who prioritized Trump over policies and the country.

Fenton, who has a background in finance and digital assets, ran as a Republican candidate in the 2022 New Hampshire Senate race. His public biographies describe him as the managing director of Chainstone Labs and a well-known figure in the bitcoin and investment community.

Fenton's decision to distance himself from Trump comes at a time when the Republican Party faces challenges, including the perceived responsibility for the ongoing conflict in Iran. Despite the strong support of the MAGA base for Trump, some donors, activists, and right-wing commentators are expressing concern about Trump's foreign policy decisions and the direction of his administration.

Fenton has not indicated whether he plans to support another Republican or withdraw from national politics altogether. The growing list of public figures distancing themselves from Trump reflects the growing concerns about the direction of the party and the former president's leadership.

Fenton, in his public statements, was very direct and critical of the former president. In his original post, Fenton wrote: 'I’m a Republican. I supported Trump. I raised money for him, and I voted for him. I donated $60,000 to his campaign. Trump lied. He rugpulled us all.' He also challenged those who might accuse him of being anti-Trump from the beginning.

Republican donor Bruce Fenton, who previously donated $60,000 to Trump's campaign, has cut ties with the former president. Fenton, in a tweet, stated: 'You can disagree with me if you want. It’s your right to be fooled.' He also added: 'But if you say I have ‘TDS’ [Trump derangement syndrome] or am a ‘liberal,’ you need a new argument.'

Fenton's disillusionment with Trump reflects the growing divisions within the Republican Party. With the support of the MAGA base still strong, the increasing criticism from figures like Fenton could signal a shift in political sentiment. With disapproval ratings at record levels in numerous polls, it remains to be seen whether Trump can turn things around before the midterm elections.

The current political situation and Trump's stance on various issues continue to be the subject of ongoing debate and analysis.