Seeking re-election for a second term, former US President Donald Trump announced on Tuesday that he will accept crypto payments through his official website. According to a press release, the cryptocurrency donation feature is provided by cryptocurrency exchange Coinbase.
“This addition to President Trump’s already groundbreaking digital fundraising campaign marks the first time a major party presidential candidate has adopted virtual currency for donations,” it reads.
According to the webpage, President Trump is accepting donations in popular cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and Solana. meanwhile other presidential candidates When it comes to accepting crypto donations, the breadth of assets the Trump campaign has accepted is notable, going far beyond common cryptocurrencies. Meme coins such as Shiba Inu and the virtual currency XRP are also accepted.
Earlier this month, at an event for holders of NFT projects, Trump said that while he had previously opposed Bitcoin, he is now “comfortable” with the cryptocurrency. For example, he said that in 2021, Bitcoin will be “Seems like a scam”, he lamented, claiming it was another currency competing with the hegemony of the dollar.
But Trump has gradually become involved in digital assets. playing card trading cards, Polygon-based NFTsAnd it was the aforementioned Mar-a-Lago event for NFT holders, who spent thousands of dollars to attend, that ultimately sparked Trump's recent pro-crypto comments.
President Trump's vocal support for cryptocurrencies could affect the digital asset market in other ways as well. As analysts say Political pressure The U.S. Securities and Exchange Commission has sharply increased the odds of approval for a Spot Ethereum ETF this month.
“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 the government has the answers,” Trump's press corps said. Read the release.
On the other hand, Solana-based Inspired by meme coins Weekly gains were boosted by the former president. According to CoinGecko, the token has risen 150% to $1.30 over the past week as cryptocurrencies rise to the forefront of politics in the United States.
After completing the necessary requirements on Trump's website, users will be directed to the Coinbase Commerce page, which includes options for MetaMask and Coinbase Wallet, among other self-custodial wallets.
As President Trump's crypto push takes shape, politically connected crypto executives say crypto skeptics on Capitol Hill like Elizabeth Warren (D-MA) will feel the pressure. suggested. “Liz had an army. We have a huge figure,” said Messari CEO Ryan Serkis, who also spoke at President Trump's recent Mar-a-Lago event. Told.
Editor's note: This article was updated with additional details after publication.
