US President Joe Biden is gearing up for the launch of cryptocurrency, with reports suggesting that his election team is considering accepting donations in digital currencies.
As the US presidential elections scheduled for November 2024 draw near, presidential candidate Donald Trump is making headlines for his support of Bitcoin (BTC) and cryptocurrencies in his campaign. In contrast, current President Joe Biden, known for his anti-crypto stance, is now shifting his views on cryptocurrencies.
Sources familiar with the matter have revealed that President Biden is exploring the option of accepting cryptocurrency donations through Coinbase Commerce for his election campaign. A source working with politicians and leaders in the cryptocurrency industry stated that Biden’s team is actively engaging with crypto-related issues to demonstrate support for the industry and dispel any perception of hostility.
Moreover, individuals within Biden’s inner circle have reportedly warned the campaign that remaining silent on the crypto issue could potentially cost them the election. As a result, the Biden team has turned its attention to cryptocurrency, although discussions regarding the acceptance of crypto donations are still in the early stages.
Coinbase Commerce, a payment service, recently started accepting cryptocurrency donations for the campaign of Republican candidate Donald Trump. It is important to note that this information is not investment advice.
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