Bitcoin
Donald Trump Now Accepts Crypto Donations for Presidential Campaign
Donald Trump Now Accepts Crypto Donations for Presidential Campaign
Former US President Donald Trump, currently facing criminal charges in several jurisdictions, has announced that his 2024 presidential campaign will accept cryptocurrency donations.
The Trump 2024 campaign launched a fundraising page on May 21, allowing qualified individuals to contribute crypto donations using Coinbase Commerce. The site displayed logos for several cryptocurrencies, including Bitcoin, Ether, Dogecoin, Shiba Inu, XRP, USD Coin, Solana, and 0x. The ad referenced Senator Elizabeth Warren’s criticism of cryptocurrencies, accusing her, without evidence, of acting as President Joe Biden’s spokesperson on the issue.
During a recent dinner for supporters who purchased a non-fungible token (NFT) featuring a photo of Trump, the former president expressed his intention to allow campaign donations in cryptocurrency. With Election Day 2024 less than six months away, Trump is considered the Republican Party’s presumptive nominee, ready to take on President Biden, the Democratic Party’s presumptive nominee.
Although the Trump campaign website now accepts cryptocurrency donations, its “issues” page currently does not mention digital assets or blockchain. President Biden has rarely made public statements about cryptocurrencies, but he signed an executive order in 2022 to establish a regulatory framework for digital assets.
In 2021, after leaving office, Trump expressed skepticism towards Bitcoin, calling it a “fraud” while preferring the US dollar as a global currency. However, during their campaign, rival candidates Vivek Ramaswamy and Ron DeSantis made statements about central bank digital currencies (CBDCs). Trump declared at a campaign event in January 2024 that he would never allow the creation of a CBDC in the United States.