{"id":166376,"date":"2024-05-22T11:19:20","date_gmt":"2024-05-22T11:19:20","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166376"},"modified":"2024-05-22T11:19:24","modified_gmt":"2024-05-22T11:19:24","slug":"trump-accepts-crypto-donations-promises-crypto-army-in-fight-against-biden","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/trump-accepts-crypto-donations-promises-crypto-army-in-fight-against-biden\/","title":{"rendered":"Trump Accepts Crypto Donations, Promises &#8216;Crypto Army&#8217; in Fight Against Biden"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">First Republican Crypto Campaign<\/span><\/strong><span data-preserver-spaces=\"true\">: Donald Trump is the first Republican presidential nominee to accept\u00a0cryptocurrency donations, and create a &#8216;crypto army&#8217;, marking a significant shift in political fundraising and aligning with his pro-crypto stance.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Crypto Fundraising Platform<\/span><\/strong><span data-preserver-spaces=\"true\">: The Trump campaign has launched a\u00a0crypto fundraising page\u00a0through Coinbase Commerce, accepting a variety of digital currencies, though it\u2019s unclear if these will be retained or converted to fiat.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">\u2018Crypto Army\u2019 Mobilization<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: Trump\u2019s move to accept crypto donations is part of building a \u2018crypto army\u2019 to support his campaign, contrasting with the Biden administration\u2019s more cautious approach to digital assets.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Donald Trump has become the first\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">presumptive<\/span><strong><span data-preserver-spaces=\"true\">\u00a0Republican presidential nominee to accept\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/virtual-currencies\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">cryptos\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">for official campaign donations.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0This strategic decision was\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cnbc.com\/2024\/05\/21\/trump-campaign-starts-taking-cryptocurrency-donations.html\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">announced\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">following Trump\u2019s declaration as the pro-crypto candidate at a Mar-a-Lago gala, propelling digital currencies into the spotlight of the 2024 campaign.<\/span><!--more--><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Trump campaign has launched a dedicated crypto fundraising page<\/span><\/strong><span data-preserver-spaces=\"true\">, allowing eligible donors to contribute through the Coinbase Commerce product.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">The portal currently accepts a range of cryptocurrencies<\/span><\/strong><span data-preserver-spaces=\"true\">, including\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Bitcoin\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">(BTC),\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Ether\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">(ETH),\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Solana\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">(SOL),\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Dogecoin\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">(DOGE),\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Shiba Inu<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0(SHIB),\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Ripple\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">(XRP),\u00a0<\/span><strong><span data-preserver-spaces=\"true\">USD Coin<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0(USDC), and\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Ox\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">(ZRX).\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">While these donations are subject to the standard disclosure requirements set by the Federal Election Commission (FEC),\u00a0<\/span><span data-preserver-spaces=\"true\">it remains unclear<\/span><span data-preserver-spaces=\"true\">\u00a0whether the campaign intends to retain the cryptocurrencies or convert them into fiat currency.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The\u00a0<\/span><span data-preserver-spaces=\"true\">campaign\u2019s statement<\/span><span data-preserver-spaces=\"true\">\u00a0emphasizes that this initiative is\u00a0<\/span><strong><em><span data-preserver-spaces=\"true\">\u201cpart of a seismic shift toward freedom,\u201d<\/span><\/em><\/strong><span data-preserver-spaces=\"true\">\u00a0reflecting Trump\u2019s commitment to an agenda that prioritizes freedom over<\/span><strong><em><span data-preserver-spaces=\"true\">\u00a0\u201csocialistic government control.\u201d\u00a0<\/span><\/em><\/strong><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Julia Krieger, a spokeswoman for Coinbase, highlighted that the platform is open to all candidates this election season, underscoring the nonpartisan nature of cryptocurrency and its advantages in terms of cost and speed.<\/span><\/p>\n<h2 style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Building a \u2018Crypto Army\u2019<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-166377\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DonaldTrumpCryptoArmy.jpg\" alt=\"Trump Accepts Crypto Donations, Promises 'Crypto Army' in Fight Against Biden\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DonaldTrumpCryptoArmy.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DonaldTrumpCryptoArmy-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/DonaldTrumpCryptoArmy-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">With the introduction of crypto donations, Trump supporters are rallying to build a \u2018crypto army\u2019\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">to counter the \u201canti-crypto army\u201d led by Massachusetts Senator Elizabeth Warren.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Despite\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Trump not\u00a0<\/span><span data-preserver-spaces=\"true\">yet<\/span><span data-preserver-spaces=\"true\">\u00a0proposing any concrete pro-crypto policies,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">his supporters are embracing the positive sentiment surrounding the nascent asset class, likely in response to the Biden administration\u2019s cautious stance on cryptocurrencies.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In 2022, President Biden signed\u00a0<\/span><span data-preserver-spaces=\"true\">an Executive Order calling for the responsible development of digital assets,\u00a0<\/span><span data-preserver-spaces=\"true\">with a focus<\/span><span data-preserver-spaces=\"true\">\u00a0on consumer protection, financial stability, and the exploration of Central Bank Digital Currencies (<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/cbdc-what-are-they-really-hiding\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">CBDCs<\/span><\/a><span data-preserver-spaces=\"true\">).\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Trump\u2019s\u00a0<\/span><span data-preserver-spaces=\"true\">own<\/span><span data-preserver-spaces=\"true\">\u00a0history with cryptocurrencies has been mixed; while expressing skepticism during his presidency, a recent filing revealed that he holds a significant amount of digital assets, primarily in Ethereum.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As the 2024 presidential election draws near,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Trump\u2019s acceptance of crypto donations<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0and his promise of a \u2018crypto army\u2019\u00a0<\/span><strong><span data-preserver-spaces=\"true\">signal a new era in political engagement,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">where digital finance plays a pivotal role in shaping the future of campaign fundraising and political discourse.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR First Republican Crypto Campaign: Donald Trump is the first Republican presidential nominee to accept\u00a0cryptocurrency donations, and create a &#8216;crypto army&#8217;, marking a significant shift in political fundraising and aligning with his pro-crypto stance. Crypto Fundraising Platform: The Trump campaign has launched a\u00a0crypto fundraising page\u00a0through Coinbase Commerce, accepting a variety of digital currencies, though it\u2019s &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Trump Accepts Crypto Donations, Promises &#8216;Crypto Army&#8217; in Fight Against Biden\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/trump-accepts-crypto-donations-promises-crypto-army-in-fight-against-biden\/#more-166376\" aria-label=\"More on Trump Accepts Crypto Donations, Promises &#8216;Crypto Army&#8217; in Fight Against Biden\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":166378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,102,74],"tags":[4602,4642,4656,4668,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166376"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=166376"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166376\/revisions"}],"predecessor-version":[{"id":166379,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166376\/revisions\/166379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/166378"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=166376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=166376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=166376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}