President Biden’s re-election marketing campaign is reportedly in talks to simply accept Bitcoin and cryptocurrency donations, in accordance with reviews. The transfer comes after rival Donald Trump opened up Bitcoin donations to his marketing campaign.
Joe Biden’s marketing campaign is in talks to simply accept cryptocurrency donations via Coinbase Commerce, in accordance with The Block. pic.twitter.com/lvS3dyasgq
— Bitcoin Journal (@BitcoinMagazine) June 12, 2024
Sources say Biden’s crew is discussing accepting cryptocurrency donations via Coinbase Commerce. The cost service permits donations to Trump’s marketing campaign.
The Biden marketing campaign’s outreach is reportedly aimed toward attracting voters centered on Bitcoin and cryptocurrencies forward of the hotly contested 2024 election.
Nonetheless, the information sparked a backlash from some within the trade. Critics say that is hypocritical given the Biden administration’s hostile stance towards the trade, together with the current veto of bipartisan encryption laws.
Sources say the Biden crew needs to sign a friendlier stance towards Bitcoin and cryptocurrencies. With the election anticipated to be narrowly contested, Bitcoin and cryptocurrency voters may play a decisive function.
Billionaire Mark Cuban says Biden’s indifference in direction of cryptocurrencies may enable Trump to win the presidency. Current polls present Trump with a double-digit lead amongst cryptocurrency holders.
The Biden marketing campaign has not formally confirmed reviews of potential cryptocurrency donations. Sources confused that talks are nonetheless in an exploratory stage as Biden assesses the outlook for Bitcoin and cryptocurrencies.
Nonetheless, this participation exhibits Bitcoin’s rising affect. Either side understand that appeasing Bitcoin supporters is now crucial, even when solely symbolically. With potential voters and donors in danger, count on extra Bitcoin pandering as November approaches.
