Trump Campaign Adopts Bitcoin, ETH, XRP, Dogecoin, SHIB For Election War Chest

2024-5-22 08:45

Former US President Donald J. Trump has announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a significant milestone as the first major party Presidential nominee to employ this strategy for fundraising. The announcement came via an official campaign press release.

The Trump campaign’s new fundraising initiative integrates the use of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB). These can now be donated through Coinbase Commerce, a service that allows merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.

Trump now accepts crypto. pic.twitter.com/RaaMpafqNV

— Balaji (@balajis) May 21, 2024

Trump Goes All In On Bitcoin And Crypto

According to the campaign’s press release, the move adds “to President Trump’s already groundbreaking digital fundraising operation [and] marks the first time a major party Presidential nominee has embraced cryptocurrency for donations.” This initiative is not just a broadening of the campaign’s digital fundraising operation but also a strong political statement in favor of Bitcoin and crypto’s role in enhancing financial freedom and innovation.

The campaign contrasts its embrace of cryptocurrency with the positions of key Democratic opponents, particularly President Joe Biden and Senator Elizabeth Warren, who have expressed significant skepticism towards the utility and regulation of digital currencies. The press release specifically calls out Senator Warren’s efforts to curtail the crypto sector, which she has often described as a ‘shadowy system’ that needs more stringent regulation.

“Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices. MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!,” the press release states.

David Bailey, the CEO of Bitcoin Magazine, who developed the Bitcoin agenda with the Trump campaign, commented via X, highlighting the significance of this move: “Only the start of the Trump news.”

He added, “Max the individual contribution to Trump, make sure to pay in bitcoin or crypto. We have his attention right now. Many decisions are being made. We want to validate this move with impressive numbers and keep him moving… Everything is on the table right now. 3,000 people max out their individual contribution over the next 48 hrs (adds up to ~$10m) Trump is going to be blown away.”

The Trump campaign has clarified that all crypto contributions will adhere strictly to Federal Election Commission (FEC) regulations. These donations will be reported as in-kind contributions, similar to gifts of stock, providing a transparent framework for how these funds will be accounted for. Donors are directed to a specific page on Trump’s official campaign website where they can complete their transactions through Coinbase Commerce, choosing from a wide range of crypto options.

This strategic move comes at a critical time as Trump’s campaign finances have shown robust growth, even outpacing President Biden in April fundraising totals, according to reports. However, Biden’s campaign still maintains a larger reserve of cash on hand. By opening up the campaign to crypto donations, Trump is not only diversifying his fundraising options, but potentially tapping into crypto voters who are single-issue voters.

While the Trump campaign claims to be the first major party nominee to accept cryptocurrencies, it’s important to note that other political figures have also engaged with crypto. Robert F. Kennedy Jr., running an independent presidential campaign, and Senator Rand Paul in his 2015 presidential campaign, both accepted Bitcoin. However, the scope and variety of cryptocurrencies now accepted by the Trump campaign set a new precedent in terms of the breadth of digital assets involved.

At press time, BTC traded at $69,617.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TrumpCoin (TRUMP) на Currencies.ru

$ 0.0093482 (-1.82%)
Объем 24H $0
Изменеия 24h: 8.36 %, 7d: 6.82 %
Cегодня L: $0.0093482 - H: $0.0093482
Капитализация $61.739k Rank 2306
Доступно / Всего 6.604m TRUMP

trump bitcoin campaign significant milestone cryptocurrencies various

Источник: bitcoinist.com

trump bitcoin → Результатов: 126


Фото:

EU Next on Trump’s Tariff List; Will People Turn To Bitcoin?

As if there were not enough economic problems facing countries of the world at the moment without an escalating trade war imposed by the Trump administration. Not content with levying heavy import tariffs on China, the POTUS has set his sights on Europe next, so will bitcoin and same safe-haven assets grow in popularity there too? Europe Next For Trade Tariffs According to reports, the Trump administration is preparing to announce tariffs on billions of Read More The post EU Next on Trump’s Tariff List; Will People Turn To Bitcoin? appeared first on Bitcoinist.com.

2019-9-16 14:30


Trump Blasts Bitcoin For Illicit Use As NY College Is Hit With $2M Ransomware

Last night, the TV personality, businessman, president of the “free world,” Donald Trump took to twitter to blast Bitcoin, Facebook’s Libra, and the entire asset class of cryptocurrencies. The outspoken United States president said that the asset class is “highly volatile,” “unregulated,” “based on thin air,” and “can facilitate unlawful behavior, including drug trade and.

2019-7-13 23:00


Why This Unholy Trinity of State-Run Crypto Projects Could Poison Donald Trump’s Stance on Bitcoin

For a man as verbose as US President Donald Trump, the former real estate developer and reality television star has had little to say about bitcoin. However, there are a growing number of reasons to expect that when Trump finally does address the subject of cryptocurrency, it won’t be to praise the innovative nature of this technology and nascent asset class but rather to call for its imminent demise.

2019-2-9 22:45


This week in Crypto: Tron hits 100 Million TXs a day, Trump Appoints Crypto Advocate, Crypto market bull run, XRP Whale Spotted, Bakkt Bitcoin Futures Approval, Bitcoin to $50k and More

During the course of the week, many events took place in the crypto space, one of the most remarkable being the market recovery that nearly all cryptocurrencies have witnessed. Bitcoin also recovered to $4,000 for the first time since the crash which started in November 2018.

2018-12-24 22:57


Фото:

Can Merkle Mining Be the Next Step in Decentralized Token Distribution?

One of the critical characteristics that trump P2P networks like Bitcoin and Ethereum over traditional mechanisms of finance is their degree of decentralization. Having the authority to make decisions distributed equally among all the participating entities ensures an efficient and transparent mode of transactions, unlike centralized mechanisms where the power can be abused to wrong people en masse.

2018-12-4 12:00


Trump’s attorney general once endorsed a ‘time travel’ cryptocurrency

Some very strange details have surfaced regarding Donald Trump’s newly appointed acting attorney general, Matthew Whitaker, and his involvement with a cryptocurrency for time travel. For years, Whitaker sat on the advisory board of World Patent Marketing, a marketing firm that has since been shut down by order of a federal judge, reports Mother Jones (via Cointelegraph).

2018-11-15 17:55


Фото:

Craig Wright Is The Donald Trump Of Crypto

Craig Wright has been in the news a lot recently. He’s one of the leaders of the Bitcoin SV (Satoshi Vision) camp which wants to raise the Bitcoin Cash block size up to 128 MB. A letter he wrote to Roger Ver emerged last week in which he threatened to bring down the Bitcoin Cash network […] The post Craig Wright Is The Donald Trump Of Crypto appeared first on Crypto Briefing.

2018-11-14 22:17


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Курс биткоина на 13 июня: волатильность после данных по инфляции и заседания ФРС

Биткоин продемонстрировал высокую волатильность на фоне выхода данных по инфляции и заседания ФРС США по ключевой ставке. Снижение курса произошло после того, как стало известно, что ФРС сохранила ключевую ставку без изменений на уровне 5,25–5,5%.

Axelar price surges amid new Ripple partnership

Ripple’s XRP Ledger has announced a new collaboration effort with Axelar, a programmable blockchain interoperability platform. AXL price surged on Wednesday as Ripple will use Axelar as the exclusive bridge for its XRPL EVM sidechain. Per data from CoinMarketCap, AXL…

Ripple bids for dominance in Asia with new blockchain fund

Ripple is eyeing further growth in the Asia-Pacific region with a new fund for Japan and Korea. The company announced on Tuesday that the XRPL Japan and Korea Fund will target blockchain innovation across the region via the XRP Ledger.…

Is XRP Your Next Big Bet? Analyst Makes Bullish Case For $3 Trillion Market Cap

A recent analysis from EGRAG CRYPTO has captured the attention of the crypto community with an ambitious prediction. The analyst suggests that XRP’s market cap could potentially reach an astounding $3 trillion, a development that would elevate the token into the top tier of digital assets and significantly impact the entire crypto landscape. Related Reading: […]