HomeCryptoDonald Trump announces acceptance of cryptocurrency for campaign contributions

Donald Trump announces acceptance of cryptocurrency for campaign contributions

-


Former U.S. President Donald Trump Announces Acceptance of Cryptocurrency for Campaign Donations

Former U.S. President Donald Trump made headlines today as he announced his intention to accept cryptocurrency for campaign donations. In a series of video clips uploaded by NFT creator and influencer Frank Degods, Trump can be seen telling a group of buyers of his NFTs that he plans to allow donations in crypto.

During the gathering with buyers of his “Mugshot Edition” NFTs, Trump also took a swipe at President Joe Biden, claiming that Biden doesn’t understand cryptocurrency. Trump urged crypto supporters to vote for him, stating, “If you like crypto in any form, you better vote for Trump.”

In response to a question about keeping crypto businesses in the U.S., Trump assured that he would work to retain them in the country, emphasizing the importance of embracing the crypto industry.

Following Trump’s comments, the “Jeo Boden” memecoin, a token based on President Biden, saw an 18.5% increase in value. Trump expressed skepticism about the token’s market capitalization, stating, “That’s a lot of money for a coin. I don’t like that investment.”

Avichal Garg, Co-founder of Electric Capital, praised Trump’s evolving stance on crypto, noting that if Biden remains anti-crypto, it could lead to broader opposition from Democrats.

As Trump gears up for the upcoming U.S. presidential election in November 2024, his campaign’s acceptance of cryptocurrency could have significant implications for the crypto industry. The Block reached out to the Trump campaign for further comment, but they did not immediately respond.

It will be interesting to see how Trump’s embrace of cryptocurrency shapes the political landscape leading up to the election. Stay tuned for more updates on this developing story.

LATEST POSTS

Meme Coins Surpass Bitcoin in 2024 First Half’s $600 Billion Crypto Rally

The Rise of Meme Coins and Lesser-Known Cryptocurrencies in 2024 In the fast-paced world of digital assets, the first half of 2024 has been dominated...

SEC Responds to Ripple’s Binance Case Argument, Rejects in Final Filing

Latest Developments in the Ripple vs. SEC Case: SEC Responds to Ripple's Latest Filing The Ripple vs. SEC case continues to heat up as the...

Michael Saylor Releases Statement on Bitcoin in Response to Crypto Market Downturn, According to U.Today

Michael Saylor's "Just Bitcoin" Tweet Amid Crypto Market Sell-Off The cryptocurrency market is currently experiencing a significant sell-off, with Bitcoin's price taking a hit. In...

Ethereum and Bitcoin Declines Lead to Over $200 Million in Crypto Liquidations

Crypto Market Liquidations Spike as Bitcoin Price Falls Below $60,000 Crypto market liquidations surged to their highest level in a week on Wednesday as Bitcoin's...

Most Popular