Donald Trump is the first American president to accept Lightning Network Bitcoin payments. campaign donations. This announcement is a major step towards the mainstream integration of Bitcoin, and highlights Trump’s desire to advance the future of Bitcoin within the United States.
Trump’s campaign is partnering with OpenNodeThis donation will be made possible by, an infrastructure provider for Lightning Network and Bitcoin. Lightning Network technology, which enables fast and cheap transactions, allows supporters to contribute Bitcoin to Trump’s presidential campaign in 2024.
Trump made a speech at the Libertarian Party Convention last weekend. emphasized His dedication to foster a Bitcoin-friendly climate in the U.S. “will ensure that the future of crypto and Bitcoin will be made in the USA,” And that he “will support the right to self-custody for the nation’s 50 million crypto holders.”
Trump’s Bitcoin support goes beyond his campaign contributions. During tHe same speech, President Trump made a historic commitment to commute the sentence of Ross Ulbricht, the founder of Silk Road and an early Bitcoin pioneer, to time served if elected President.
“He’s already served 11 years,” he said. “We’re going to get him home.”
Trump’s strategy of appealing to over 50,000,000 cryptocurrency investors and enthusiasts in the United States is reflected in his decision to be the first president in U.S. History to accept Bitcoin as campaign contributions. In aligning himself to the Bitcoin community the Presidential frontrunner has further promoted himself as a leader that embraces technology and is forward-thinking. financial freedom.
Joe Biden, the current U.S. president was just yesterday. vetoed pro-Bitcoin legislation that would have be a huge win for Bitcoin, further showing his reluctance to support the industry. The bill vetoed by Biden would have allowed highly regulated financial Firms that hold Bitcoin and other crypto-currencies.
For more information on Trump’s Bitcoin campaign donations, visit his website here.
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Source: bitcoinmagazine.com