DONALD TRUMP NOW ACCEPTS CRYPTO DONATIONS FOR PRESIDENTIAL CAMPAIGN.
Former US President Donald Trump, who is currently embroiled in multiple criminal cases, has announced that his 2024 presidential campaign will accept cryptocurrency donations. The campaign unveiled a fundraising page on May 21, facilitating crypto contributions through Coinbase Commerce. The page features logos of various cryptocurrencies, including Bitcoin, Ether, Dogecoin, Shiba Inu, XRP, USD Coin, Solana, and 0x. The announcement also took aim at Senator Elizabeth Warren, accusing her without evidence of acting as President Joe Biden's mouthpiece on cryptocurrency issues.
Trump shared his plan to accept crypto donations during a dinner with supporters who had purchased an NFT of his mugshot. With the 2024 Election Day less than six months away, Trump is viewed as the likely Republican nominee, preparing for a potential rematch against President Biden, the expected Democratic nominee.
Despite the new crypto donation feature, Trump's campaign website does not currently address digital assets or blockchain technology on its "issues" page. President Biden, while not frequently commenting on cryptocurrencies, signed an executive order in 2022 aimed at establishing a regulatory framework for digital assets.
After his presidency, Trump was critical of Bitcoin in 2021, labeling it a "scam" and expressing a preference for the US dollar. However, his stance appears to have evolved in the context of the campaign. Meanwhile, rivals Vivek Ramaswamy and Ron DeSantis have made their own remarks on central bank digital currencies (CBDCs). In a January 2024 campaign event, Trump stated that he would prevent the establishment of a CBDC in the United States.
