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Joe Biden can accept cryptocurrency campaign donations via Coinbase
Photo: Guglielmo Mangiapane (Reuters)
It appears that President Biden’s re-election campaign is mirroring the situation Trump Campaign Considering Acceptance of Bitcoin and cryptocurrency donations.
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The Biden campaign is considering accepting cryptocurrency donations through Coinbase Commerce, the same payment service that allows contributions to the Trump campaign. The Bloc reports it. With this move, Biden’s team aims to attract young voters focused on cryptocurrencies. Citing a source, the relationship said Biden’s campaign aims to show support for the cryptocurrency industry.
In this election year, when Cryptocurrencies have become a political topicRepublican presidential candidate Donald Trump has emerged as a strong supporter of Bitcoin – contrary to his position just a few years ago.
He has done this before denounced Bitcoin as “a scam against the US dollar”. He also called cryptocurrency “a disaster waiting to happen” and said he is “not a fan of it.” But now, Trump he says he’s “good” with it.
Last month, he he declared himself the pro-cryptocurrency candidate. His the campaign now also accepts donations in Bitcoin, Ether, Dogecoin, Solana and other cryptocurrencies. Earlier this week, Trump said as much wants all remaining Bitcoins to be produced in the United States
Trump’s turn toward cryptocurrency puts him at odds with some Democrats, who have traditionally opposed it. Sen. Elizabeth Warren, D-Mass., has pushed for greater regulation of cryptocurrencies. But this year some Democrats are singing a more pro-cryptocurrency tune, distancing himself from Warren on the issue.
The House last month passed a law on cryptocurrencies which aims to regulate the sector in general.