President Trump, in a press release published on his website This afternoon, he announced that his campaign to retake the White House will begin accepting donations using bitcoin.
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BREAKING NEWS: Donald Trump now officially accepts twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin for campaign donations. pic.twitter.com/ySkwNQT1D2
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1793009307874664528?ref_src=twsrc%5Etfw”>May 21, 2024
This campaign announcement is sure to fuel the fire between incumbent President Joseph Biden, who along with his Democratic colleague, Senator Elizabeth Warren (D-MA), has spent most of his term in Washington waging an all-out regulatory attack on the digital technology. asset space, and bitcoin in particular.
“Like our president, Donald J. Trump has reduced regulations and championed innovation in financial technology, while Democrats, like Biden and his official replacement Elizabeth Warren, continue to believe that only the government has the answers to how our nation leads the way. world,” reads the ad. fixed. “The effort to reduce government control over an American's financial decision-making is part of a seismic shift toward freedom. Today's announcement reflects President Trump's commitment to an agenda that values freedom over government control. socialist government”.
As bitcoin Magazine noted in its Orange Party issue, Trump's appointment of former Coinbase Vice President Brian Brook as Comptroller of the Currency was “bitcoin's most important step forward in US history,” since it allowed banks and financial institutions companies to hold cryptocurrencies. This ruling went into effect in the middle of the final year of Trump's first term, and the price of bitcoin multiplied around twenty-fold in the following calendar year alone.
The Trump administration has been no stranger to bitcoin over the years, with the appointment of long-time bitcoin and cryptocurrency advocate Mick Mulvaney as his White House Chief of Staff, as well as the emergence of Peter PayPal's Thiel on his transition team.
Trump also made history by being the first US president to adopt non-fungible tokens with his incredibly successful Trump Cards that exhausted at the end of 2022. In another historical first that should not be forgotten, Melania Trump was the first First Lady in x.com/MELANIATRUMP/status/1478129577402765317″>cheep on bitcoin creator Satoshi Nakamoto's contribution to the financial system in early 2022, referencing the January 3rd anniversary of the Genesis Block that launched the bitcoin blockchain.
In January At a campaign rally in New Hampshire, Trump promised that when he is elected, he will not allow the Federal Reserve to create a central bank digital currency. “Tonight I will also make another promise to protect Americans from government tyranny,” Trump said. “As his president, I will never allow the creation of a central bank digital currency.”
As for the campaign donations themselves, the announcement specified that donors could send bitcoin and other cryptocurrencies to the Trump 2024 campaign through Coinbase, the only publicly traded bitcoin exchange in the United States.
“Biden surrogate Elizabeth Warren said in an attack on cryptocurrencies that she was building an “anti-cryptocurrency army” to restrict Americans’ right to make their own financial decisions,” the ad continued. “MAGA supporters, now with a new cryptocurrency option, will build a cryptocurrency army that will lead the campaign to victory on November 5th!”
For details on how to donate to the Trump 2024 campaign, visit their website. crypto“>here.
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