Presidential candidate Donald Trump is making a unique move by accepting donations in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), XRP, and other altcoins, as the 2024 US election draws near. In a recent press release, the Trump campaign announced that it will now be open to receiving crypto contributions for the upcoming election. Furthermore, the campaign accuses Democrats, particularly Senator Elizabeth Warren, of infringing upon Americans’ financial freedom by taking a critical stance on digital assets.
The fundraising page launched by Trump’s campaign allows federally permissible donors to contribute through its joint fundraising committees using any cryptocurrency accepted through the Coinbase Commerce platform. As of today, individuals who wish to make legally acceptable donations to the Trump campaign can do so using crypto. The campaign believes that the addition of a cryptocurrency option will help build a “crypto army” of Make America Great Again (MAGA) supporters, ensuring victory on November 5th.
While there were reports of Elizabeth Warren creating an “anti-crypto army,” it is worth noting that she did not use those exact words herself. Trump’s official campaign website reveals that the Republican nominee will also accept other crypto assets such as Solana (SOL) and meme coin Shiba Inu (SHIB).
Earlier this month, Trump, who was once critical of cryptocurrencies, made an attempt to appeal to the crypto vote. He expressed his acceptance of digital assets to a group of supporters who had purchased his Mugshot Edition non-fungible tokens (NFTs), stating that he is “fine” with them. Trump also took the opportunity to criticize Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), claiming that both Gensler and President Joe Biden are opposed to virtual currencies.
“I’m fine with [crypto]. I want to make sure it’s secure and reliable, but I have no issues with it. If you support any form of crypto, and there are many different forms, if you’re in favor of crypto, then you should vote for Trump.”
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