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The presumptive Republican presidential nominee, Donald Trump, announced late Tuesday afternoon that he would settle for donations in Bitcoin, Ether, Dogecoin, Solana, and different cryptocurrencies. With this transfer, he has change into the primary main get together candidate to embrace digital currencies. Earlier this month, the previous president declared himself as the candidate for cryptocurrency at a Mar-a-Lago gala, propelling crypto into the 2024 marketing campaign.
Cryptocurrency donations might be accepted by the Coinbase Commerce product. “MAGA [Make America Great Again] supporters, now with a brand new cryptocurrency choice, will construct a crypto military shifting the marketing campaign to victory on November fifth,” per the statement.
Trump’s latest stance on cryptocurrency is considered as an assault on Democrats, who’ve traditionally been unsupportive of cryptocurrency. Sen. Elizabeth Warren, D-Mass., specifically, campaigned in opposition to cryptocurrency. Nevertheless, this 12 months, even some Democrats are pro-cryptocurrency, distancing themselves from Warren’s stance.
Crypto has emerged as a political topic on this election 12 months, with presidential candidate Trump making several pro-crypto statements throughout his campaigns. Nevertheless, he has not but declared how he plans to help cryptocurrency and blockchain progress by insurance policies.
His place on cryptocurrency represents a major U-turn. A couple of years in the past, he denounced Bitcoin as “a scam against the U.S. dollar” and stated the central financial institution digital currencies are “very dangerous.” Previously years, he stated that crypto is “a disaster waiting to happen” and that he’s “not a fan of it.” However now he says he is “good” with it.
This text initially appeared on Quartz.