In a press release issued by President Trump, Website This afternoon, he announced that his campaign to take back the White House will begin accepting donations using Bitcoin.
BREAKING NEWS: 🇺🇸Donald Trump Officially Approves #bitcoin For campaign donations. pic.twitter.com/ySkwNQT1D2
— Bitcoin Magazine (@BitcoinMagazine) May 21, 2024
The announcement by his campaign is sure to intensify the conflict with incumbent President Joseph Biden. President Biden, along with his colleague Democratic Sen. Elizabeth Warren of Massachusetts, has spent much of his term in Washington waging an all-out regulatory assault on the digital asset sector, particularly Bitcoin.
“As president, our Donald J. Trump has championed deregulation and innovation in financial technology, while Democrats, like Biden and his official surrogate Elizabeth Warren, “We continue to believe that only governments have the answers to how to lead,” the statement said. said. “Efforts to reduce government control over Americans’ financial decisions are part of a seismic shift toward freedom. Today’s announcement marks President Trump’s commitment to an agenda that values freedom over socialist government control. It reflects our commitment.”
As Bitcoin Magazine pointed out in its Orange Party issue, President Trump’s appointment of former Coinbase Vice President Brian Brooke as Comptroller of the Currency is the most significant move in U.S. history to authorize banks and financial institutions. It was the most important pro-Bitcoin movement in the world. A company owns virtual currency. The ruling went into effect midway through the final year of President Trump’s first term, and Bitcoin’s price increased nearly 20 times over the next calendar year alone.
The Trump administration has been no stranger to Bitcoin over the years, appointing Mick Mulvaney, a longtime supporter of Bitcoin and cryptocurrencies, as White House Chief of Staff, and PayPal’s Peter Thiel also named to the transition team. They are connected.
Trump also made history by being the first U.S. president to adopt non-fungible tokens with the incredibly successful playing card. sold out At the end of 2022, in another unforgettable and historic first, Melania Trump became the first First Lady. Tweet In early 2022, Bitcoin founder Satoshi Nakamoto talks about his contributions to the financial system, noting the January 3rd anniversary of the Genesis block that inspired the Bitcoin blockchain.
in January During a campaign stop in New Hampshire, Trump promised that if elected, he would not allow the Federal Reserve to create a central bank digital currency. “Tonight, we also make a new promise to protect the American people from the tyranny of our government,” Trump said. “As President, I will never allow the creation of a central bank digital currency.”
As for campaign donations themselves, the announcement specifies that donors can send Bitcoin and other cryptocurrencies to the Trump 2024 campaign through Coinbase, the only publicly traded Bitcoin exchange in the United States. has been done.
“Biden surrogate Elizabeth Warren says she is assembling an ‘anti-crypto army’ to attack cryptocurrencies and restrict Americans’ right to make their own financial choices.” The announcement continued. “With new crypto options, MAGA supporters will form a crypto army on November 5th and lead their campaign to victory!”
For more information on how to donate to the Trump 2024 campaign, please visit our website. here.
