Donald J. Trump’s presidential campaign announced on Tuesday that it is now accepting cryptocurrency donations, making Trump the first major party candidate to embrace digital currencies like bitcoin and Ethereum. This move follows Trump’s declaration at a recent Mar-a-Lago event, where he positioned himself as the crypto-friendly candidate for the upcoming U.S. presidential election.
JUST IN: 🇺🇸 Donald Trump says he's "fine with" crypto and makes fun of Joe Biden for not knowing what it is.
"If you're in favor of crypto, you better vote for Trump."
— Bitcoin Magazine (@BitcoinMagazine) May 9, 2024
In a statement, Trump’s campaign expressed its intention to “build a crypto army” to counter the “anti-crypto army” advocated by Massachusetts Senator Elizabeth Warren. While Trump has not yet proposed specific crypto policies, his supporters view his positive stance on digital currencies as a significant shift, especially compared to the Biden administration’s historically anti-crypto approach.
The acceptance of cryptocurrency as a campaign issue appears to be influencing the political landscape. Recently, House Democratic leadership decided not to push its members against an upcoming bill on crypto policy, signaling a potential change in the Democrats’ approach to digital currencies.
The Trump campaign has launched a fundraising page that allows federally permissible donors to contribute using any cryptocurrency accepted through the Coinbase Commerce platform. This marks the first time a major party presidential nominee has embraced cryptocurrency for donations. Contribution limits and disclosure requirements for crypto donations will comply with Federal Election Commission regulations.
Starting today, supporters can make federally permissible donations to the Trump campaign with crypto by visiting: https://www.donaldjtrump.com/crypto.
Trump’s campaign highlighted his track record of reducing regulations and championing financial technology innovation, contrasting this with the Biden administration’s preference for government control. The campaign stated, “The effort to reduce the control of government on an American’s financial decision-making is part of a seismic shift toward freedom. Today’s announcement reflects President Trump’s commitment to an agenda that values freedom over socialistic government control.”