President Biden’s re-election campaign is allegedly in talks to accept Bitcoin and crypto donations, according to reports. This move comes after rival Donald Trump opened up Bitcoin contributions for his campaign.
JUST IN: 🇺🇸 Joe Biden’s campaign is in talks to accept crypto donations through Coinbase Commerce, The Block reports. pic.twitter.com/lvS3dyasgq
— Bitcoin Magazine (@BitcoinMagazine) June 12, 2024
Sources claim Biden’s team is discussing accepting crypto donations via Coinbase Commerce. The payment service enables contributions to Trump’s campaign.
The Biden campaign’s outreach is reportedly an effort to appeal to Bitcoin and crypto-focused voters ahead of the hotly contested 2024 election.Â
However, the news sparked a backlash from some industry figures. Critics argued it was hypocritical given the Biden administration’s hostile stance toward the industry, including a recent veto of bipartisan crypto legislation.
Sources say Biden’s team wants to signal a friendlier posture on Bitcoin and crypto. With the election expected to come down to razor-thin margins, Bitcoin and crypto voters could prove decisive.Â
Billionaire Mark Cuban suggested Biden’s indifference to crypto could hand Trump the presidency. Recent polls give Trump a double-digit lead among crypto holders.
The Biden campaign did not officially confirm the reports on potential crypto donations. Sources stressed talks are still exploratory as Biden gauges the Bitcoin and crypto landscape.
The engagement nonetheless shows Bitcoin’s growing influence. Both parties realize appeasing Bitcoin supporters is now necessary, even if symbolic. With potential voters and donors at stake, expect more Bitcoin pandering as November nears.
Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights
The large number of coins held in unidentified wallets shows that retail investors have been…
Attackers replaced legitimate transactions with fake ones, then waited for users to approve higher fees.…
Ether and XRP led losses among the majors as the AI trade took another hit…
The securities have financed purchases of nearly 136,000 bitcoin, opening a funding channel that analysts…
Bitcoin has sunk to its weakest level in more than one month.Read MoreCoinDesk: Bitcoin, Ethereum,…
Borrowing against bitcoin and earning income to build their BTC holdings are becoming priorities for…