Stripe to 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 limits payments from “high-risk” businesses, including those that “engage in, encourage, promote or celebrate unlawful violence or physical harm to people or property,” according to its website statement on the activities restricted.

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, according to Federal Election Commission records.

Trump’s campaign and political operation last month reported raising more than $ 207 million between polling day and early December, as he flooded his supporters with emails and texts asking for donations to help contest the election results. A growing chunk of the money, however, has gone to a leadership political action committee that Trump created to help fund his post-White House activities.

Updated figures on Trump’s latest fundraiser are not yet public.

Stripe’s move follows a number of other companies severing ties with Trump or Republican lawmakers involved in challenging the tally of election results. Citigroup (C), Marriott (MAR), Commerce Bank and BlueCross BlueShield are among the larger companies that have announced they will suspend their PAC contributions to lawmakers who tried to overturn election results.

– CNN’s Fredreka Schouten contributed to this report

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