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As the presidential elections are near, the candidates are expanding their roots in the crypto industry. Donald Trump, Joe Biden, and Robert F. Kennedy Jr., three popular presidential candidates, made countless comments on the power of cryptocurrency and its role in shaping the future of the US economy.        Donal Trump’s Support To Cryptocurrency? Trump, a prominent presidential candidate who is bullish on cryptocurrency, announced digital asset acceptance for the campaign. Bitcoin Magazine took to X to share Trump’s plan.      BREAKING: 🇺🇸 Donald Trump now officially accepts #Bitcoin for campaign donations. pic.twitter.com/ySkwNQT1D2 — Bitcoin Magazine (@BitcoinMagazine) May 21, 2024   As per the plan, Trump will accept major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and a few of the memecoins, including Dogecoin (DOGE) and Shiba Inu (SHIB). On May 8, during the NFT event at the Mar-a-Lago resort in Florida, Trump also raised his voice for NFTs and digital assets, especially BTC, showcasing Trump’s love for crypto.  On May 31, Trump was found guilty of all 34 charges in the hush money trial, which may affect Trump’s positioning in upcoming elections.    Joe Biden’s Tone Shifts on the Crypto Industry Joe Biden wasn’t considered a big supporter of cryptocurrency, but the recent move indicates Biden’s shift towards the crypto industry. Recently, Biden enhanced his involvement with cryptocurrency, reaching out to crypto players.   ICO Drops shared Biden’s closeness with the crypto industry over X.       President Joe Biden’s re-election campaign has begun reaching out to crypto industry players over the past two weeks for guidance on “crypto community and policy,” sources told The Block. The new outreach efforts come shortly after the Biden administration faced backlash for… pic.twitter.com/KD77dt1mOQ — ICO Drops (@ICODrops) May 30, 2024   Trump’s crypto acceptance shows how Biden’s perspectives toward digital assets have changed. Now,…

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Filed under: News - @ June 1, 2024 2:16 pm