Joe Biden Faces Backlash for Accepting Bitcoin and Crypto Donations
President Joe Biden is reportedly considering accepting crypto donations for his campaign through Coinbase Commerce, leading to significant backlash from the crypto community. Critics label this move hypocritical, given the Biden administration's previous anti-crypto stance.
Prominent figures like Bitcoin supporter Joe Carlasare and Pro-XRP lawyer John Deaton have criticized the contradiction. Ryan Selkis, CEO of Messari, and Nic Carter, founder of Coin Metrics, also expressed strong disapproval, accusing the administration of legal battles against crypto projects and harassment of Bitcoin miners. Despite this, Biden's campaign aims to engage the crypto community to gain support ahead of a competitive election. Discussions about accepting crypto donations remain in the exploratory phase.
