America’s first Bitcoin president: Trump now accepts cryptocurrency donations
In a press release published on his website this afternoon, President Trump announced that his campaign to take back the White House will begin accepting donations using Bitcoin.
BREAKING NEWS: 🇺🇸 Donald Trump now officially accepts. #Bitcoin For campaign donations. pic.twitter.com/ySkwNQT1D2
— Bitcoin Magazine (@BitcoinMagazine) May 21, 2024
The announcement by his campaign is sure to ignite a fire between fellow Democratic senator Elizabeth Warren (D-MA) and incumbent President Joseph Biden, who has spent most of his term in Washington waging a sweeping regulatory assault on digital. The asset space, especially Bitcoin.
“As our president, Donald J. Trump championed deregulation and innovation in financial technology, while Democrats like Biden and his official surrogate, Elizabeth Warren, continue to believe that the answer to how our country leads the world lies only in government. there is.” decided. “Efforts to reduce government control over Americans’ financial decision-making are part of a seismic shift toward freedom. Today’s announcement reflects President Trump’s commitment to an agenda that values freedom over socialist government control. “
As Bitcoin Magazine noted in its Orange Party issue, Trump’s appointment of former Coinbase Vice President Brian Brook as Comptroller of the Currency was “the most significant move toward Bitcoin in American history.” A company that holds cryptocurrency. The ruling took effect midway through the final year of Trump’s first term, and the price of Bitcoin rose roughly 20-fold in the following year alone.
The Trump administration has been talking about Bitcoin for several years, including appointing longtime Bitcoin and cryptocurrency supporter Mick Mulvaney as White House chief of staff and featuring PayPal’s Peter Thiel on his transition team. It wasn’t unfamiliar.
Trump also made history by becoming the first US president to adopt non-fungible tokens, with his incredibly successful playing cards selling out in late 2022. In another historic first not to be forgotten, Melania Trump was the first First Lady to tweet. Bitcoin creator Satoshi Nakamoto explains his contribution to the financial system in early 2022, citing January 3rd as the Genesis Block that launched the Bitcoin blockchain.
While campaigning in New Hampshire in January, President Trump promised that if elected, he would not allow the Federal Reserve to issue central bank digital currencies. “Tonight I will make another promise to protect the American people from government tyranny,” President Trump said. “As your president, I will never allow the creation of a central bank digital currency.”
As for campaign donations themselves, it states that donors can send Bitcoin and other cryptocurrencies to the Trump 2024 campaign through Coinbase, the only public Bitcoin exchange in the United States.
“In her attack on cryptocurrencies, Biden’s surrogate Elizabeth Warren says she is building an ‘anti-crypto army’ to limit Americans’ right to make their own financial choices,” the announcement continued. “Now with new cryptocurrency options, MAGA supporters will build a cryptocurrency army to lead their campaign to victory on November 5th!”
For more information on how to donate to the Trump 2024 campaign, visit their website here.
