The presumptive Republican presidential candidate, Donald Trump, announced Late Tuesday afternoon it would accept donations in Bitcoin, Ether, Dogecoin, Solana and other cryptocurrencies. With this move, he has become the first major party candidate to embrace digital currencies. Earlier this month, former president declared himself a candidate for cryptocurrencies at a Mar-a-Lago galapushing cryptocurrencies towards the 2024 campaign.
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Cryptocurrency donations will be accepted through the Coinbase Commerce product. MAGA Supporters [Make America Great Again]now with a new cryptocurrency option, will build a crypto army leading the campaign to victory on November 5,” for the statement.
Trump’s recent stance on cryptocurrencies is seen as an attack on Democrats, who have not historically supported cryptocurrencies. Sen. Elizabeth Warren, D-Mass., in particular, campaigned against cryptocurrencies. However, this year, even some Democrats are in favor of cryptocurrencies. distancing himself from Warren’s position.
crypto has emerged as a political issue in this election year, with a presidential candidate Trump makes several pro-crypto statements during their campaigns. However, he has not yet stated how he plans to support the growth of cryptocurrencies and blockchain through policies.
His position on cryptocurrencies represents a significant change. A few years ago, he denounced Bitcoin as “a scam against the US dollar” and said that central bank digital currencies are “very dangerous.” In recent years, she said that crypto is “a disaster waiting to happen” and that he “is not a fan of it.” but now he He says he is “good” with it.
This article originally appeared in Quartz.
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