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. The decision marks a major turning point in American policy towards crypto-assets.
Trump accepts crypto donations for his presidential campaign
Yesterday, the campaign Trump released a statement saying supporters can now contribute:
- in Bitcoin (BTC),
- in Shiba Inu (SHIB),
- XRP (XRP).
This initiative allows donations to be made via the crypto exchange Coinbase. Donation amounts vary from $20.42 to $4,547.
This statement stands in stark contrast to the current position of the Biden administration and Senator Elizabeth Warren. Both have taken a stricter approach towards cryptocurrencies.
- The Biden administration, notably through the SEC led by Gary Gensler, 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 constant support for cryptocurrencies. During his presidency, he also appointed pro-crypto figures like 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 influence the future of crypto regulation in the United States. That's not all ! By positioning himself as an ally of cryptocurrencies, Trump is also attracting the attention of crypto investors and supporters of technological innovation. His 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 major development in the American political landscape. This could have significant implications for the regulation of cryptoassets in the United States. But not only ! It would also influence the general attitude towards this new digital asset.
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