It seems like President Biden’s re-election campaign is mirroring the Trump campaign by considering accepting Bitcoin and cryptocurrency donations.
The Biden campaign is contemplating accepting cryptocurrency donations through Coinbase Commerce, the identical cost service that permits contributions to Trump’s campaign, The Block reports. With this transfer, the Biden crew goals to draw younger crypto-focused voters. Citing a supply, the report stated that the Biden campaign goals to point out assist for the crypto trade.
On this election 12 months, when crypto has become a political topic, Republican presidential candidate Donald Trump has emerged as a strong Bitcoin supporter — opposite to his stance just some years in the past.
He has beforehand denounced Bitcoin as “a scam against the U.S. dollar.” He has additionally known as cryptocurrency “a disaster waiting to happen” and stated he’s “not a fan of it.” However now, Trump says he is “good” with it.
Final month, he declared himself the pro-crypto candidate. His campaign also now accepts donations in Bitcoin, Ether, Dogecoin, Solana, and different cryptocurrencies. Earlier this week, Trump declared that he wants all remaining Bitcoin to be made in the U.S.
Trump’s shift on cryptocurrency places him in opposition to some Democrats, who’ve historically opposed it. Sen. Elizabeth Warren, D-Mass., has pushed for extra crypto regulation. However this 12 months, some Democrats are singing a extra pro-cryptocurrency tune, distancing themselves from Warren on the issue.
The Home final month passed a crypto bill that goals to control the trade at massive.