According to media reports, President Biden’s reelection campaign has been in contact with cryptocurrency and Bitcoin donors. It comes as a result of rival Donald Trump opened Bitcoins for the 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 has discussed accepting donations in crypto via Coinbase Commerce. Contributions can be made via the payment service. Trump’s campaign.
You can also find out more about the following: Biden According to reports, the campaign outreach is an attempt to attract Bitcoin and cryptocurrency-focused voters in advance of the fiercely contested elections 2024.
The news was met with a strong reaction from industry representatives. The critics said it was hypocritical considering the Biden administration’s hostility toward the sector, which included a recent veto of bipartisan crypto legislation.
Biden’s staff is said to be trying to show a more friendly attitude towards Bitcoin and cryptocurrency. Bitcoin and crypto users could be decisive in an election that is expected to have razor-thin margins.
Billionaire Mark Cuban suggested Biden’s lack of interest in crypto may hand Trump the Presidency. According to recent polls, Trump has a double-digit advantage among crypto owners.
Biden’s campaign has not confirmed the reported reports about crypto donations. Biden is still evaluating the Bitcoin and cryptocurrency landscape, according to sources.
The engagement shows Bitcoin’s increasing influence. It is clear that both parties recognize the importance of appeasing Bitcoin enthusiasts, even though it may be symbolic. Potential donors and voters are at stake. stakeExpect more Bitcoin pandering in the coming months.
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Source: bitcoinmagazine.com