The Biden campaign is in a state of panic as Trump takes cryptocurrency payments


Former US President Donald Trump is officially accepting crypto asset donations for his campaign, which has his opponent’s team worried, just a short time after he declared his support for the cryptocurrency sector and made it a defining point of his presidential bid.

A news release from May 21 states that the Trump campaign has made a groundbreaking step by announcing that it would begin collecting contributions in digital assets. The campaign has also built a fundraising website that allows these donations. This makes Trump the first major party candidate in the US to do this.

“Any federally acceptable contributor the option to donate – via its joint fundraising committees – using any cryptocurrency accepted through the Coinbase Commerce platform,” the news release states, alluding to the prominent crypto exchange, and the fundraising website follows suit.

The presidential candidate’s campaign is now taking a variety of popular crypto assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), Dogecoin (DOGE), Shiba Inu (SHIB), and USD Coin (USDC), a stablecoin.

In addition, the statement states that this distinguishes Trump from his opponent, United States President Joe Biden, “and his official surrogate Elizabeth Warren,” a Democrat from Massachusetts, because Biden “has reduced regulations and championed innovation in financial technology.”

A tectonic change toward freedom is underway, and one component of it is the movement to limit the role of government in Americans’ personal financial decisions. The declaration today shows that President Trump is steadfast in his pursuit of an agenda that prioritizes individual liberty above communist centralized planning.

Conversely, Trump’s campaign asserts that his detractors “think only the state can decide how America should lead the world,” alluding to Warren’s reelection ad from March 2023 and accusing her of “assembling a ‘anti-crypto army’ to limit the freedom of Americans to choose their own financial advisors.”

In the meantime, a screenshot that has now gone viral shows that Biden’s campaign warned contributors via fundraising text that “cryptocurrency CEOs and oil barons are emerging out of the woodwork for Trump” at the same time as the Trump campaign made the statement mentioned above.

Remember that Trump previously stated his approval of cryptocurrency, intended to lessen regulatory “hostility” towards it, and promised to retain crypto companies in the United States. Finbold claimed on May 9 that Trump would also let fans to pay to his campaign using cryptocurrency.

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