![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give” to its political committees using any crypto asset accepted through the Coinbase cryptocurrency exchange.
May 22, 2024 at 09:08 am
The announcement promotes Trump’s message that he is a crypto-friendly candidate, and also appeals to a core group of young male voters who are increasingly likely to dabble in digital assets.
Former President Donald Trump’s 2024 campaign is now accepting cryptocurrency donations through Coinbase, the largest U.S.-based crypto exchange.
The Trump campaign announced the new fundraising effort on Monday, stating that it will accept “any federally permissible donor the ability to give” to its political committees using “any crypto asset accepted” through Coinbase.
The move comes as Trump positions himself as a crypto-friendly candidate and seeks to appeal to a core group of young male voters who are increasingly likely to dabble in digital assets. It also comes as Trump’s defense rests in his hush money case in New York.
Cryptocurrencies are a digital asset that can be traded over the internet without relying on the global banking system. Trump’s campaign is accepting a range of popular cryptocurrencies that include Bitcoin, Ether and US Dollar Coin. They also include the low-value coins that tend to be popular with Internet personalities, like Shiba Inu Coin and Dogecoin.
Billionaire Elon Musk, most notably, is considered a fan of the latter two, traded on markets as DOGE and SHIB.
It’s not clear whether the Trump campaign will hold onto the crypto or will immediately sell it, and what sort of fees it may pay to liquidate. While the campaign says it plans to follow U.S. election laws, the anonymous nature of cryptocurrencies can make it tricky to confirm the funds are coming from who they say they are.
Trump has already received millions in cryptocurrency personally through his Trump Digital Trading Cards non-fungible token projects and his MAGA coin, which was released last August.
A spokeswoman for Coinbase told The Associated Press that “crypto is nonpartisan and moves money forward because it’s cheaper and faster,” adding that the Coinbase platform is open to all candidates this election season.
A representative from President Joe Biden’s campaign did not respond to an Associated Press request for comment on whether it will begin accepting cryptocurrency donations.
While some states don’t allow cryptocurrency donations in state races under existing campaign finance laws, the Federal Election Commission does allow committees to receive bitcoin as contributions.
A 2014 advisory opinion issued by the commission concluded that bitcoin is “money or anything of value” within the meaning of the law and political committees should value the contribution based on the market value of bitcoin at the time the contribution is received.
The presidential campaign for independent candidate Robert F. Kennedy Jr. currently accepts bitcoin donations.
In conventional money, Biden and the Democratic National Committee said Monday that they raised more than $51 million in April, falling well short of the $76 million that Trump and the Republican Party reported taking in for the month.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Toncoin (TON) Surges Past $8 Mark, Reaching All-Time High as Ton Blockchain Hits $500M TVL Milestone
- Jun 16, 2024 at 02:08 pm
- Amidst a generally bearish crypto market trend, the value of Toncoin (TON) has surged past the $8 mark, reaching an all-time high of $8.12 and achievi
-
- PPP raises concerns over Punjab, federal budget with PML-N
- Jun 16, 2024 at 01:25 pm
- The Pakistan Peoples Party (PPP), which has reservations about the implementation of the power-sharing agreement with the Pakistan Muslim League-Nawaz
-
- Varadkar expects Labour to be 'more even-handed' in dealing with Northern Ireland than the Tories
- Jun 16, 2024 at 01:25 pm
- Former Irish Taoiseach Leo Varadkar has said he expects a Labour government to be "more even-handed" when dealing with Northern Ireland than the Torie
-
- Expert Tips for VeThor Token Airdrop Claims
- Jun 16, 2024 at 01:20 pm
- Crypto airdrops are a promotional initiative employed by blockchain-based projects to distribute free tokens or coins to users as part of their promot
-
- BlockDAG: The Decade’s Standout Investment
- Jun 16, 2024 at 01:08 pm
- Investors are eagerly searching for the next crypto that will offer astronomical returns, and BlockDAG might just be the transformative force they're
-
- BlockDAG’s Keynote 2 Unveils Revolutionary Innovations, Driving Over 1120% Increase; Toncoin & Celestia Prices Rise
- Jun 16, 2024 at 01:08 pm
- BlockDAG’s recent updates, showcased in Keynote 2, and the launch of the X1 Miner app have set the stage for remarkable growth, generating strong FOMO
-
- Axelar (AXL) Airdrop Alert: How to Maximize Your Rewards
- Jun 16, 2024 at 01:08 pm
- Axelar (AXL) Airdrop Alert: How to Maximize Your Rewards Follow -- Listen Share The crypto world keeps introducing innovative ways to reward active pa
-
- How to Claim JUST Airdrops - Tips and Tricks
- Jun 16, 2024 at 01:07 pm
- How to Claim JUST $JST Airdrops - Tips and Tricks Follow these steps to claim your JUST $JST Airdrops and participate in this groundbreaking cross-ch
-
- Furrever Token: The New Crypto Darling Emerges Alongside Bitcoin and Ethereum
- Jun 16, 2024 at 01:07 pm
- Bitcoin and Ethereum are undoubtedly the giants in the cryptocurrency market, boasting vast communities and technological innovations that have shaped