Blockchain
Donald Trump is now accepting cryptocurrency donations for his presidential campaign
Donald Trump is now accepting cryptocurrency donations for his presidential campaign
Former US President Donald Trump, currently facing criminal charges in multiple jurisdictions, has announced that his 2024 presidential campaign will accept cryptocurrency donations.
The Trump 2024 campaign launched a fundraising page on May 21, allowing eligible people to contribute cryptocurrency donations using Coinbase Commerce. The website displayed logos of various 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 mugshot of Trump, the former president expressed his intent to allow campaign donations in cryptocurrency. With less than six months until the 2024 election date, Trump is considered the presumptive nominee of the Republican Party, poised to face President Biden, the presumptive nominee of the Democratic Party.
While Trump’s campaign website now accepts cryptocurrency donations, its “issues” page currently makes no mention of digital assets or blockchain. President Biden has rarely made public statements about cryptocurrencies, but in 2022 he signed an executive order to establish a regulatory framework for digital assets.
In 2021, after leaving office, Trump expressed skepticism towards Bitcoin, calling it a “scam” and preferring the US dollar as a global currency. However, during his campaign, rival candidates Vivek Ramaswamy and Ron DeSantis made statements on 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.