President Biden’s reelection campaign is reportedly in talks to accept Bitcoin and other cryptocurrency donations. The move comes as rival Donald Trump opens up He solicited Bitcoin donations for his campaign.
BREAKING: 🇺🇸 Joe Biden’s campaign is in talks to accept cryptocurrency donations through Coinbase Commerce, reports The Block. pic.twitter.com/lvS3dyasgq
— Bitcoin Magazine (@BitcoinMagazine) June 12, 2024
According to sources Biden’s team is considering accepting crypto donations through Coinbase Commerce, a payment service that allows donations to be sent to Trump’s motion.
of Biden The campaign’s efforts are reportedly an effort to appeal to voters interested in Bitcoin and cryptocurrencies ahead of the hotly contested 2024 elections.
But the news sparked backlash from industry insiders, with critics arguing it was hypocritical given the Biden administration’s hostile stance toward the industry. Recent vetoes of bipartisan cryptocurrency bills.
According to sources, Biden’s team wants to project a more friendly stance towards Bitcoin and cryptocurrencies, as the election is expected to be close and who votes for Bitcoin and cryptocurrencies could play a decisive role.
billionaire Mark Cuban suggested Biden’s lack of interest in crypto could help Donald Trump win the presidency, with recent polls showing him with a double-digit lead among cryptocurrency holders.
The Biden campaign has not officially confirmed the reports of a possible crypto donation, with sources emphasizing that the discussions are still in the exploratory stage as Biden evaluates the Bitcoin and cryptocurrency situation.
Still, the effort marks Bitcoin’s growing influence. Both parties recognize that appeasing Bitcoin supporters, even if only symbolically, is now necessary. With potential voters and donors at stake, expect more pandering to Bitcoin as November approaches.
