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The electoral campaign of Donald Trump accepts donations in crypto: Bitcoin, Ethereum and not only

The campagna elettorale di Donald Trump ha iniziato ad accettare donazioni in Bitcoin, Ether e altre crypto. L’annuncio conferma che i sostenitori dell’ex presidente possono ora contribuire con le criptovalute. Vediamo di seguito tutti i dettagli. 

New chapter for the financing of Donald Trump’s election campaigns: donations in crypto 

As anticipated, the sito web of the former president Donald J. Trump announces that the presidential candidate now accepts donazioni in crypto.

According to the site of his campaign, users can choose to donate in traditional currency or in criptovalute by selecting multiple options.

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Donations are supported through Coinbase Wallet and MetaMask and are intended for joint fundraising committees organized by the Trump campaign and the Republican National Committee (RNCH).

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On the site, the following can be read: 

“Demonstrating President Trump’s success as a champion of American freedom and innovation, we are proud to offer you the opportunity to contribute to the campaign with cryptocurrencies.”

The logos of Bitcoin, XRP by Ripple, Ethereum, Dogecoin, Solana, SHIB, and Cardano are visible on the page.

Trump had promised to accept donations in cryptocurrencies during a speech given earlier this month, emphasizing l’importanza delle criptovalute in this year’s presidential race.

In fact, in a statement about the move, it reads: 

“This addition to the already revolutionary digital fundraising operation of President Trump marks the first time that a presidential candidate from a major party has embraced cryptocurrency for donations.”

He added that Trump plans to “build a bull army of cryptocurrencies” in view of the elections on November 5, allowing supporters to contribute with cryptocurrencies.

The ex president is not the only candidate to offer this possibility. The campaign of Robert F. Kennedy Jr. announced that it would accept Bitcoin last May.

The use of cryptocurrencies in political campaigns dates back to 2016, when Senator Rand Paul solicited donations in bitcoin for that year’s presidential elections. 

Even the presidential candidates Andrew Yang and Eric Swalwell accepted donations in cryptocurrencies in 2020.

The role of Trump in the crypto world: the opinion of Chris Giancarlo

Chris Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), recently highlighted the fundamental influence of former United States President Donald Trump in the cryptocurrency sector. 

During a summit on cryptocurrency policy in Washington, Giancarlo recognized Trump as “the first American cryptocurrency president.” 

In particular attributing this title to the approval by the Trump administration of futures sui bitcoin during its first year in office.

According to the ex-regulator, Trump can legitimately claim this title thanks to the launch of bitcoin-regulated futures during his first year of presidency. 

Giancarlo also highlighted Trump’s recent change of position on cryptocurrencies, citing his recognition of the popularity of bitcoin and his acceptance of cryptocurrencies as a form of payment.

Inoltre, Giancarlo ha sottolineato l’importanza dell’approvazione dei futures sul bitcoin durante l’amministrazione Trump nel garantire la stabilità e la valutazione del mercato delle criptovalute. 

He also noted the cambiamento nell’atteggiamento politico towards cryptocurrencies, highlighting how they have become a political issue after his term as president of the CFTC.

Finally, Giancarlo reported on Trump’s meeting with cryptocurrency enthusiasts, during which he announced his acceptance of cryptocurrencies for campaign contributions. 

Finally emphasizing his favorable position on cryptocurrency compared to President Joe Biden.

Alessia Pannone
Alessia Pannone
Graduated in communication sciences, currently student of the master's degree course in publishing and writing. Writer of articles from an SEO perspective, with care for indexing in search engines.
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