Trump Campaign Accepts Crypto as Bitcoin Hits $70,000

Donald Trump’s 2024 campaign is now accepting cryptocurrency donations, positioning him as a pro-crypto candidate in contrast to Biden’s anti-crypto stance.

Azcnews Trump Campaign Accepts Crypto As Bitcoin Hits $70,000

Bitcoin is trading at $70,000, slightly down from the previous day. Former President Donald Trump’s presidential campaign has begun accepting cryptocurrency donations, welcoming contributions in Bitcoin, Ether, and other digital currencies. This move follows his recent announcement at a Mar-a-Lago gala, where he declared himself the crypto candidate. Trump is now the first major party candidate to embrace crypto donations.

Donald Trump’s 2024 Campaign Welcomes Cryptocurrency Contributions

Trump’s campaign has announced plans to “build a crypto army” to counter the “anti-crypto army” led by Senator Elizabeth Warren. Although Trump has yet to detail specific crypto policies, his supporters see this as a positive shift. This approach marks a clear divergence from the Biden administration’s anti-crypto stance. By accepting crypto donations, Trump aims to leverage the growing significance of digital currencies in the 2024 campaign.

Donald Trump Accept Bitcoin
Donald Trump Accept Bitcoin

Supporters believe this strategy could attract a significant segment of the crypto community, which has felt neglected by current policies. Trump’s embrace of cryptocurrency is viewed as a strategic move to gain support and distinguish himself from his political rivals.

The Trump Campaign will accept donations in Bitcoin, Shiba Inu, Dogecoin, Ethereum Ether, USD Stablecoin, Solana SOL, and Ripple XRP. This broad acceptance of various cryptocurrencies underscores Trump’s commitment to the digital asset sector. Donors can follow instructions on Trump’s website and are then directed to a Coinbase Commerce page, with options for MetaMask and Coinbase Wallet, among other self-custodial wallets.

Trump’s engagement with digital assets has been expanding, beginning with the launch of Trump Trading Cards, Polygon-based NFTs, in late 2022. A Mar-a-Lago event for these NFT holders, who spent thousands of dollars to attend, ultimately spurred Trump’s recent pro-crypto remarks.

Related: Bitcoin Surges to $71,000 with Stable Funding Rate

Rising Political Pressure on Crypto Skeptics

Trump’s endorsement of cryptocurrencies could significantly impact the digital asset market. Analysts have observed increased political pressure at the U.S. Securities and Exchange Commission, raising the chances for approval of spot Ethereum ETFs this month. Meanwhile, a Solana-based meme coin named Doland Tremp, inspired by Trump, has seen impressive weekly gains. As crypto becomes a central political issue in America, the token surged 150% over the past week to $1.30, according to CoinGecko.

With Trump’s pro-crypto stance taking shape, a politically connected crypto executive suggested that skeptics on Capitol Hill, such as Elizabeth Warren, would feel the heat. Trump’s position is perceived as a counter to the current administration’s policies, potentially altering the political dynamics surrounding digital assets.

(6 votes)

4.3/5

(6 votes)
  1. Avatar of Idris Sani
    Idris Sani

    We sporting 💯

  2. Avatar of saidukk1995@gmail.com
    saidukk1995@gmail.com

    Yes I like it

  3. Avatar of Ibrahim Muhammad Bashar
    Ibrahim Muhammad Bashar

    Interested

  4. Avatar of Jeff RoseLine kunle
    Jeff RoseLine kunle

    Please okay please I don’t want anybody to suspend my all social media because I used to learn a lot of things there that it will make me and my family to progress thank you for your help thanks

  5. Avatar of Ashikul islam
    Ashikul islam

    Hello bhai Muje very Lelouch please 🙏
    Ashikul khan

Comments are closed.

Latest

Cardano Makes Bold Move Into Gaming With Unreal Engine Integration

News | Altcoin | Editor Choice | GameFi

Cardano Makes Bold Move into Gaming with Unreal Engine Integration

Cardano has officially entered the Web3 gaming race by integrating with Unreal Engine, unlocking vast potential for bringing blockchain technology into immersive virtual worlds.

Us Sec Delays Decision On Canary’s Spot Sui Etf

News | Altcoin | Editor Choice

US SEC Delays Decision on Canary’s Spot SUI ETF

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Canary’s spot ETF tracking the price of SUI, signaling that the path to legitimizing crypto-related financial products in the U.S. remains filled with regulatory hurdles.

Join To Share 2,500,000 La On Bybit

Airdrops | Editor Choice

Join to share 2,500,000 LA on Bybit!

The Bybit exchange has announced the listing of Lagrange (LA) along with an attractive reward program of up to 2,500,000 LA (approximately 4 million USD) for both new and existing users.

Binance Tightens Alpha Points Program To Prevent Bot Abuse

News | Editor Choice | Policy & Regulations

Binance Tightens Alpha Points Program to Prevent Bot Abuse

Binance tightens control over its Alpha Points program to prevent bot usage, aiming to protect transparency and fairness in token distribution for the Web3 community.

The Blockchain Group Aims To Raise €10 Billion For Its Bitcoin Acquisition Plan

Bitcoin | Editor Choice

The Blockchain Group aims to raise €10 billion for its Bitcoin acquisition plan

The Blockchain Group, a company listed on Euronext Growth Paris, aims to raise €10 billion to fund its Bitcoin storage strategy.