Bitcoin
Joe Biden May Accept Cryptocurrency Campaign Donations Through Coinbase
Photo: Guglielmo Mangiapane (Reuters)
It appears that President Biden’s re-election campaign reflects the Trump Campaign Considering Accepting Bitcoin and cryptocurrency donations.
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The Biden campaign is considering accepting cryptocurrency donations through Coinbase Commerce, the same payment service that allows contributions to the Trump campaign, The Block informs. With this measure, Biden’s team aims to attract young voters with a focus on crypto. Citing one source, the report said Biden’s campaign aims to show support for the crypto industry.
In this election year, when cryptography has become a political topicrepublican presidential candidate Donald Trump has emerged as a strong supporter of Bitcoin – unlike its position just a few years ago.
He already denounced Bitcoin as “a fraud against the US dollar”. He also called cryptocurrency “a disaster waiting to happen”And said he’s “not a fan of it.” But now, Trump He says he’s “fine” with it.
Last month, he declared himself the pro-crypto candidate. From him campaign also now accepts donations in Bitcoin, Ether, Dogecoin, Solana and other cryptocurrencies. Earlier this week, Trump declared that he wants all remaining Bitcoins to be made in the USA
Trump’s shift toward cryptocurrency puts him in opposition to some Democrats, who have traditionally opposed it. Senator Elizabeth Warren, Democrat of Massachusetts, has pushed for more regulation of cryptocurrencies. But this year, some Democrats are singing a more pro-cryptocurrency tune, distancing himself from Warren on the issue.
The house last month passed a cryptography law which aims to regulate the industry in general.