Crypto: Trump accepts BTC, XRP, and SHIB for his presidential campaign

Former U.S. President Donald Trump has officially announced that he now accepts donations in Bitcoin and other cryptocurrencies for his 2024 presidential campaign. This decision marks a major turning point in American politics towards crypto-assets.

NOW ACCEPTING CRYPTO https://t.co/HvZB9FRywA

— Trump War Room (@TrumpWarRoom) May 21, 2024

Trump accepts crypto donations for his presidential campaign

Yesterday, Trump’s campaign released a statement indicating that supporters can now contribute:

• in Bitcoin (BTC),
• in Shiba Inu (SHIB),
• XRP (XRP).

This initiative allows donations via the crypto exchange Coinbase. Donation amounts range from $20.42 to $4,547.

This statement contrasts sharply with the current position of the Biden administration and Senator Elizabeth Warren. Both have taken a stricter approach towards cryptocurrencies.

• The Biden administration, notably through the SEC led by Gary Gensler, has taken several legal actions against crypto entities (including Coinbase).
• Elizabeth Warren has proposed laws aimed at restricting the use of crypto-assets.

In contrast, Trump has shown consistent support for cryptocurrencies. During his presidency, he appointed pro-crypto figures like Brian Brook and Mick Mulvaney to key positions. This facilitated the integration of crypto assets into financial institutions.

What does this imply for the future of cryptocurrencies in the United States?

Trump’s decision could significantly influence the future of crypto regulation in the United States. That’s not all! By positioning himself as an ally of cryptocurrencies, Trump also attracts the attention of crypto investors and supporters of technological innovation. His campaign promises include measures to strengthen and stabilize the crypto market.

In any case, Trump’s decision to accept donations in Bitcoin and other cryptocurrencies for his 2024 presidential campaign represents a major development in the American political landscape. This could have significant implications for the regulation of crypto-assets in the United States. But that’s not all! It would also influence the general attitude towards this new digital asset.