Trump Accepts Cryptocurrency Donations, Biden Slams 'Crypto Backing'
The US presidential race has seen a new twist with Donald Trump becoming the first leading candidate to accept cryptocurrency donations. Meanwhile, Joe Biden's campaign is accusing Trump of crypto industry backing.
Trump's campaign started accepting Bitcoin and other cryptocurrencies yesterday, marking a significant shift in political fundraising. This move comes as Trump has shown openness to cryptocurrencies, even criticizing Biden's anti-crypto stance. The former president is currently leading Biden in polls by 1.3 percentage points.
Trump's campaign is working with Coinbase's Commerce product to facilitate these donations. Notably, Trump aims to increase Bitcoin's price by trillions of dollars. However, there's no verified information about Trump's campaign collaborating with a CEO from Bitcoin Magazine, as previously reported.
Biden, on the other hand, has taken a tough stance against cryptocurrencies. His campaign has accused Trump of receiving support from crypto industry leaders. Moreover, Biden has threatened to veto a Bitcoin-friendly regulation for US banks.
Trump's acceptance of cryptocurrency donations signals a new era in political fundraising. His campaign's openness to cryptocurrencies contrasts with Biden's anti-crypto stance. Trump plans to convert these donations directly into US dollars. As the race intensifies, both candidates' views on cryptocurrencies could influence tech-savvy voters.
