The Trump campaign is banking on crypto with a new donation page amid the changing political landscape
Crypto has become an important topic ahead of November's elections and the political landscape appears to be softening its stance on the industry.
Former President Donald Trump has begun accepting crypto donations for his re-election campaign, making him the first US Presidential candidate to adopt digital assets for funding.
“The addition of this innovative digital fundraising operation marks the first time a major party Presidential candidate has used cryptocurrency for donations.”
Available website information shows that crypto users can donate in various digital assets, such as Bitcoin , Ethereum , XRP, Cardano, Dogecoin, Shiba Inu and others.
Crypto has become an important topic ahead of the November election, with former President Trump and President Joe Biden expected to be the leading candidates for their respective parties.
The candidates have taken different stances on the burgeoning industry, with Trump openly supporting crypto and promising to encourage its growth through proper regulation. Trump stated:
“Democrats, like Biden and his successor Elizabeth Warren, continue to believe that only government has the answers to how our country leads the world.”
Ethereum ETF
On May 20, reports emerged that the US SEC might approve an Ethereum exchange-traded fund (ETF) — a major change from previous expectations.
Bloomberg Intelligence analyst Eric Balchunas noted that the SEC's turnaround may have been politically motivated, a view shared by many in the crypto community.