Stripe will stop processing Trump campaign donations due to encouraged violence

Stripe will stop processing Trump campaign donations due to encouraged violence

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The Wall Street Journal was the first to report the news, and CNN confirmed the report with a source familiar with the matter.

Stripe restricts payments from “high-risk” businesses, including those that “encourage, encourage, promote or celebrate” unlawful violence or bodily harm to persons or property, “according to its website statement on restricted businesses.

The Trump campaign did not immediately respond to a request for comment. Trump’s campaign paid Stripe more than $ 1.8 million in the 2020 election cycle, the Federal Election Commission shows.

Last month, Trump’s campaign and political operation reported that they had raised more than $ 207 million between election day and early December when he flooded supporters with emails and texts asking for donations to challenge the election results. However, an increasing portion of the money flowed to a political leadership committee set up by Trump to fund its operations to the White House.

Updated figures on Trump’s latest fundraiser have not yet been released.

Stripe’s ruling follows a number of other companies that have severed ties with Trump or Republican lawmakers who were involved in scoring the election results. Citigroup (C), Marriott (MAR), Commerce Bank and BlueCross BlueShield are among the largest companies that have announced they will suspend its PAC contributions to lawmakers who have tried to reverse the election results.

– CNN’s Fredreka Schouten contributed to this report

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