The presumptive Republican presidential candidate , Donald Trump , announcedlate Tuesday good afternoon that he would accept donation in Bitcoin , Ether , Dogecoin , Solana , and other cryptocurrencies . With this move , he has become the first major company candidate to embrace digital currency . before this calendar month , the former presidentdeclared himself as the candidate for cryptocurrency at a Mar - a - Lago jamboree , move crypto into the 2024 campaign .
Cryptocurrency donations will be take through the Coinbase Commerce product . “ MAGA [ Make America Great Again ] supporter , now with a novel cryptocurrency option , will build a crypto army moving the campaign to triumph on November 5th,”per the statement .
Trump ’s late stance on cryptocurrency is take in as an attack on Democrats , who have historically been unsupportive of cryptocurrency . Sen. Elizabeth Warren , D - Mass. , in particular , campaigned against cryptocurrency . However , this year , even some Democrats are pro - cryptocurrency , distancing themselves from Warren ’s stance .
Photo: Michael M. Santiago (Reuters)
Cryptohas emerged as a political topicin this election year , with presidential candidateTrump clear several pro - cryptostatements during his campaigns . However , he has not yet declared how he plans to support cryptocurrency and blockchain increment through policies .
His place on cryptocurrency represents a significant uracil - go . A few year ago , he stigmatize Bitcoin as “ a scam against the U.S. dollar mark ” and said the central depository financial institution digital currencies are “ very life-threatening . ” In the preceding years , he said that crypto is “ a disaster waiting to encounter ” and that he is “ not a lover of it . ” But now hesays he is “ good ” with it .
This article originally come out onQuartz .
BitcoinCoinbaseCryptocurrenciesDogecoinDonald TrumpPolitics
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