Donald Trump Embraces Cryptocurrency Donations

Mia Nightshade

Updated Wednesday, May 22, 2024 at 6:40 AM CDT

Donald Trump Embraces Cryptocurrency Donations

In a bold move to attract tech-savvy voters, Donald Trump's presidential campaign has announced it will begin accepting donations in cryptocurrency. The campaign aims to build a “crypto army” leading up to Election Day, appealing to a core group of young male voters interested in digital assets.

The campaign has launched a fundraising page that allows federally permissible donors to give using any crypto asset accepted through the Coinbase exchange. The announcement prominently promotes Trump as a crypto-friendly candidate, setting the stage for his re-election efforts.

Cryptocurrencies, digital assets traded over the internet without relying on the global banking system, have gained significant attention. Trump’s campaign is accepting a variety of cryptocurrencies including Bitcoin, Ether, US Dollar Coin, Shiba Inu Coin, and Dogecoin. Notably, billionaire Elon Musk is a fan of Dogecoin and Shiba Inu Coin.

Julia Krieger, a spokeswoman for Coinbase, emphasized that "crypto is nonpartisan and moves money forward because it's cheaper and faster." The Coinbase platform is open to all candidates this election season, according to Krieger.

While some states do not allow cryptocurrency donations in state races under existing campaign finance laws, the Federal Election Commission (FEC) permits committees to receive bitcoin as contributions. According to a 2014 advisory opinion by the FEC, bitcoin is considered "money or anything of value" within the meaning of the law. Political committees should value bitcoin contributions based on the market value at the time the contribution is received.

This move aligns with Trump's previous ventures into the digital asset space. His Trump Digital Trading Cards non-fungible t***n projects and MAGA coin have already generated millions in cryptocurrency personally for the former president.

Meanwhile, a representative from President Joe Biden's campaign did not respond to an Associated Press request for comment on accepting cryptocurrency donations. However, the presidential campaign for independent candidate Robert F. Kennedy Jr. currently accepts bitcoin donations.

In April, Biden and the Democratic National Committee raised more than $51 million, while Trump and the Republican Party reported $76 million for the same month.

In parallel legal news, Trump remains under a gag order from State Judge Juan Merchan, which bars him from attacking witnesses, prosecutors, jurors, court staff, and their families. Trump has been found in criminal contempt for violating the gag order 10 times. Legal experts like Ken White suggest it’s hard to prove Trump is directing his allies to make certain statements, as Trump’s allies are not bound by the gag order.

Trump's campaign insists that supporters come to court voluntarily and are not coordinated by the campaign. However, his surrogates have been making media remarks outside the court building, saying things Trump is prohibited from saying.

As Trump's defense rests in his hush money case in New York, the campaign continues to amplify the efforts of his allies, focusing on public narrative and politics rather than traditional legal strategy. This latest embrace of cryptocurrency donations is another strategic move to solidify his support base and drive his message as the 2024 election approaches.

Conservative Bias:

Once again, we see the liberals and their media lapdogs trying to downplay the innovative spirit of Donald Trump. By embracing cryptocurrency donations, Trump is showing that he’s in touch with the future and the needs of young, tech-savvy voters. But of course, the leftist media can’t stand to see him succeed. They conveniently ignore how cryptocurrencies can democratize campaign contributions, making it easier for everyday Americans to support their candidate. Instead, they focus on trying to paint Trump as some kind of outlaw, under constant legal scrutiny, while ignoring the fact that Biden’s camp is too slow and outdated to even respond to questions about crypto. The Democrats are stuck in the past, while Trump is leading us into the future. This is just another example of how the liberal agenda is all about control and maintaining the status quo, rather than embracing progress and innovation. They’ll do anything to stop Trump, but they can’t stop the march of technology or the will of the American people.

Liberal Bias:

Here we go again with the Republicans trying to distract from their endless scandals by jumping on the latest tech bandwagon. Donald Trump, the master of grift, is now accepting cryptocurrency donations, hoping to build a so-called "crypto army." This is nothing but a desperate attempt to divert attention from his numerous legal troubles and his blatant disregard for the law, as evidenced by his repeated violations of a gag order. While Trump and his cronies are busy playing with digital assets, they completely ignore the potential for fraud and abuse that comes with unregulated cryptocurrency donations. Meanwhile, the Biden campaign, focused on real issues like raising substantial funds through transparent means, is too busy to entertain such gimmicks. This is classic Republican behavior: distract, deflect, and deceive. They’re more interested in shiny new toys and pandering to tech bros than addressing the real problems facing America. It’s a sad state of affairs when a former president is more concerned with crypto stunts than with upholding the rule of law and integrity in our democratic processes.|

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