The post America’s First Bitcoin President: Trump Now Accepts Crypto Donations appeared on BitcoinEthereumNews.com.

President Trump, in a press release published on his website this afternoon, announced that his campaign to take back the White House will begin accepting donations using Bitcoin. BREAKING: 🇺🇸 Donald Trump now officially accepts #Bitcoin for campaign donations. pic.twitter.com/ySkwNQT1D2 — Bitcoin Magazine (@BitcoinMagazine) May 21, 2024 This announcement by his campaign is sure to stoke the fires between the incumbent President Joseph Biden, who alongside fellow Democrat Senator Elizabeth Warren (D-MA), has spent the majority of his term in Washington waging an all-out regulatory attack against the digital asset space, and Bitcoin in particular.  “As our President, Donald J. Trump has reduced regulations and championed innovation in financial technology, while Democrats, like Biden and his official surrogate Elizabeth Warren, continue to believe only government has the answers to how our nation leads the world,” the announcement stated. “The effort to reduce the control of government on 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 socialistic government control.” As Bitcoin Magazine made note in its Orange Party Issue, Trump’s appointment of former Coinbase VP Brian Brook as the Comptroller of the Currency was “the single most important Bitcoin-forward move in the history of the United States,” as it allowed banks and financial firms to hold cryptocurrencies. This ruling went into effect midway through the last year of Trump’s first term, and bitcoin’s price multiplied around twenty times in just the next calendar year. The Trump administration has been no stranger to Bitcoin over the years, with the appointment of long-time Bitcoin and crypto proponent Mick Mulvaney as his White House Chief of Staff, as well as PayPal’s Peter Thiel making an appearance on his transition team. Trump also made history by being the…

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Filed under: News - @ May 22, 2024 2:14 am