Biden's campaign appears to be responding to Trump's campaign by accepting bitcoin and cryptocurrency donations.
Biden's campaign is considering accepting #cryptocurrency donations through Coinbase Commerce, the same payment service the Trump campaign has, The Block reported. With this move, Biden's campaign is trying to attract young cryptocurrency voters. Citing a source, the report said that Biden's campaign is trying to show support for the crypto industry.
In this year's election, when #cryptocurrencies became a political topic, Republican presidential candidate Donald Trump became an ardent supporter of #bitcoin , in contrast to his stance just a few years ago.
He previously denounced bitcoin as a "scam against the U. S. dollar. " He also called cryptocurrencies a "disaster waiting to happen" and said he was "not a fan. " Now, however, Trump says he's fine with it.
Last month, he announced himself as a candidate who supports cryptocurrencies. His campaign is now accepting donations in bitcoin, ether, Dogecoin, #Solana and other cryptocurrencies. Earlier this week, Trump said he wants all remaining bitcoins to be made in the United States.
Trump's change in stance on cryptocurrencies puts him at odds with some Democrats who have traditionally opposed them. Senator Elizabeth Warren (Massachusetts) has been in favor of stricter regulation of cryptocurrencies. However, since the beginning of this year, some Democrats have taken a more pro-cryptocurrency stance, distancing themselves from Senator Warren.
Last month, the House of Representatives passed a cryptocurrency bill aimed at regulating the industry as a whole.
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