Former President Donald Trump’s presidential campaign has announced that it now accepts donations in various cryptocurrencies, including Shiba Inu, Bitcoin, and XRP. This revelation was made through a press release on Trump’s official campaign website and social media handle.
Supporters of Trump can now visit the campaign website to contribute to his presidential bid using eight different cryptocurrencies. These include Bitcoin (BTC), Shiba Inu (SHIB), XRP (XRP), Solana (SOL), Ethereum (ETH), USD Coin (USDC), Dogecoin (DOGE), and 0x (ZRX).
Donors have the option to contribute any amount or choose from a range of predefined donation options, which start from $20.42 and go up to $4,547. The donations will be processed through Coinbase, a crypto exchange based in San Francisco.
The decision to accept cryptocurrency donations marks a significant departure from the stance taken by the current administration under President Biden and Democrat Senator Elizabeth Warren. Both Biden and Warren have been critical of cryptocurrencies and have pursued regulatory measures against them.
In contrast, Trump has shown a more favorable attitude towards cryptocurrencies. During his presidency, he appointed prominent figures from the crypto industry to key positions, such as Brian Brook, the former VP of Coinbase, who became the Comptroller of the Currency. This appointment facilitated the involvement of traditional financial institutions, particularly banks, in holding cryptocurrencies.
Furthermore, Trump included other crypto enthusiasts in his cabinet, including Mick Mulvaney, who served as Chief of Staff. In 2022, Trump even launched his own non-fungible token (NFT) called the Trump Card.
Trump’s support for cryptocurrencies appears to be ongoing, as he has made promises during his campaign to ensure that the crypto industry remains strong and supported. He has emphasized his commitment to the asset class, stating that while the Democrats are against crypto, he wants to ensure its stability and growth.
It is important to note that this article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not necessarily reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, and The Crypto Basic assumes no responsibility for any financial losses incurred.