Former United States President Donald Trump’s presidential campaign now accepts donations in cryptos, including Shiba Inu, Bitcoin, and XRP.
This was disclosed in a press release yesterday via Trump’s official campaign website and X handle.
NOW ACCEPTING CRYPTO https://t.co/HvZB9FRywA
— Trump War Room (@TrumpWarRoom) May 21, 2024
Trump Campaign Accepts BTC, SHIB, and XRP
Trump’s supporters can visit the official campaign website to support his presidential bid in eight cryptocurrencies. They include Bitcoin (BTC), Shiba Inu (SHIB), XRP (XRP), Solana (SOL), Ethereum (ETH), USD Coin (USDC), Dogecoin (DOGE), and 0x (ZRX).
According to the announcement, supporters can donate any amount or choose from the predefined option, which ranges from $20.42 to $4,547. Donations will be accepted through San Francisco-based crypto exchange Coinbase.
Following Trump’s decision to accept crypto donations, his campaign organizers described him as a “champion of American freedom and innovation.”
A Sharp Contrast with Biden and Warren’s Stance
Notably, Trump’s embracing crypto contradicts the current administration’s position on cryptocurrencies. In particular, the Biden administration and Democrat Senator Elizabeth Warren have waged regulatory attacks against crypto.
While Biden’s SEC Chair Gary Gensler has brought different lawsuits against multiple crypto entities, including Coinbase, Warren has championed bills that could ban the nascent asset.
Conversely, Trump has been more friendly towards crypto. For instance, while he was president, he appointed top crypto executives, including former Coinbase VP Brian Brook, who became the Comptroller of the Currency.
Brook’s appointment at the time paved the way for traditional financial institutions, especially banks, to hold cryptocurrencies. Additionally, Trump included other crypto enthusiasts in his cabinet, including Mick Mulvaney, who became Chief of Staff. In 2022, he launched a non-fungible token dubbed Trump Card.
Interestingly, Trump’s support for crypto does not seem to be ending any time soon, as he has made some exciting campaign promises. Earlier this month, the former president emphasized that while the Democrats are against crypto, he wants to ensure that the nascent asset is “good and solid.”
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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