Stripe will stop processing Trump campaign donations because of encouraging violence

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

Stripe restricts payments from “high risk” companies, including those that “engage, encourage, promote or celebrate illegal violence or physical harm to people or property,” according to its website’s statement about restricted businesses.

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

Last month, the Trump campaign and the political operation reported raising more than $ 207 million between election day and early December, while he flooded his supporters with emails and texts asking for donations to help challenge the results. electoral An increasing share of the money, however, flowed into a leadership political action committee that Trump established to help finance his post-White House activities.

The updated figures on Trump’s most recent fundraiser are not yet public.

Stripe’s decision follows a number of other companies that have cut ties with Trump or Republican lawmakers involved in contesting the counting of election results. Citigroup (Ç), Marriott (SEA), Commerce Bank and BlueCross BlueShield are among some of the largest companies that have announced that they will suspend their PAC contributions to lawmakers who have tried to overturn election results.

– CNN’s Fredreka Schouten contributed to this report

.Source