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Former United States President Donald Trump has officially announced that he is now accepting donations in Bitcoin and other cryptocurrencies for his 2024 presidential campaign.
Trump is accepting crypto donations for his presidential campaign
Yesterday, the Trump campaign released a statement saying supporters can now donate:
- in Bitcoin (BTC),
- in Shiba Inu (SHIB),
- XRP (XRP).
This initiative allows donations through the Coinbase crypto exchange. Donation amounts vary from $20.42 to $4,547.
This statement is in stark contrast to the current position of the Biden administration and Senator Elizabeth Warren. Both have taken a stricter approach to cryptocurrencies.
- The Biden administration, notably through the Gary Gensler-led SEC, has taken several legal actions against crypto-entities (including Coinbase).
- Elizabeth Warren has proposed laws aimed at restricting the use of crypto-assets.
In opposition, Trump showed ongoing cryptocurrency support. During his presidency, he also appointed pro-crypto figures such as Brian Brook and Mick Mulvaney to key positions. This has facilitated the integration of crypto assets into financial institutions.
What does this mean for the future of cryptocurrencies in the United States?
Trump’s decision could significantly affect the future of cryptocurrency regulation in the United States. That’s not all ! By positioning himself as an ally of cryptocurrencies, Trump is also attracting the attention of cryptocurrency investors and supporters of technological innovation. His pre-election promises include measures to strengthen and stabilize the crypto market.
In any case, Trump’s decision to accept donations in Bitcoin and other cryptocurrencies for his 2024 presidential campaign represents a significant development in the American political scene. This could have significant implications for the regulation of cryptoassets in the United States. But not only! It would also affect the general attitude towards this new digital asset.
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My name is Ariela and I am 31 years old. I have been working in the field of web development for 7 years. I only discovered trading and cryptocurrencies a few years ago. But it’s the universe that interests me a lot. And the topics covered within the platform allow me to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!)
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.
