Former US President Donald J. Trump has announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a significant milestone as the first major party presidential nominee to employ this strategy for fundraising. The announcement came via an official campaign press release.
The Trump campaign’s new fundraising initiative integrates the use of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB). These can now be donated through Coinbase Commerce, a service that allows merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.
According to the campaign’s press release, the move adds “to President Trump’s already ground-breaking digital fundraising operation [and] marks the first time a major party Presidential nominee has embraced cryptocurrency for donations.” This initiative is not just a broadening of the campaign’s digital fundraising operation but also a strong political statement in favour of Bitcoin and crypto’s role in enhancing financial freedom and innovation.
The campaign contrasts its embrace of cryptocurrency with the positions of key Democratic opponents, particularly President Joe Biden and Senator Elizabeth Warren, who have expressed significant scepticism towards the utility and regulation of digital currencies. The press release specifically calls out Senator Warren’s efforts to curtail the crypto sector, which she has often described as a ‘shadowy system’ that needs more stringent regulation.
“Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices. MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!,” the press release states.
David Bailey, the CEO of Bitcoin Magazine, who developed the Bitcoin agenda with the Trump campaign, commented via X, highlighting the significance of this move: “Only the start of the Trump news.”
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