America’s First Bitcoin President: Trump Now Accepting Crypto Donations

President Trump, in a press release published on his website website announced this afternoon that his campaign to take back the White House will begin accepting Bitcoin donations.

This announcement by his campaign is sure to stoke the fire between incumbent President Joseph Biden, who, along with fellow Democratic Senator Elizabeth Warren (D-MA), has spent most of his term in Washington waging an all-out regulatory assault on the digital world . asset space, and Bitcoin in particular.

“As our President, Donald J. Trump has reduced regulation and championed innovation in financial technology, while Democrats, like Biden and his official surrogate Elizabeth Warren, continue to believe that only government has the answers to how our nation leads the world,” the announcement said. declared. “The effort to reduce government control over an American’s financial decision-making is part of a seismic shift toward freedom. Today’s announcement reflects President Trump’s commitment to an agenda that values ​​freedom over socialist government control.”

As Bitcoin Magazine noted in its Orange Party Issue, Trump’s appointment of former Coinbase vice president Brian Brook as comptroller of the currency was “the single most important Bitcoin forward step in United States history” because it banks and financial institutions allowed companies that own cryptocurrencies. This ruling went into effect midway through the final year of Trump’s first term, and the price of bitcoin multiplied approximately twenty-fold over the following calendar year.

The Trump administration has been no stranger to Bitcoin over the years, with the appointment of longtime Bitcoin and crypto proponent Mick Mulvaney as his White House chief of staff, as well as PayPal’s Peter Thiel appearing on his transition team.

Trump also made history by being the first US president to embrace non-fungible tokens with his incredibly successful Trump Cards out of stock at the end of 2022. In yet another historic first not to be forgotten, Melania Trump was the first First Lady to tweet about Bitcoin creator Satoshi Nakamoto’s contribution to the financial system in early 2022, referring to the January 3 anniversary of the Genesis block that marked the start of the Bitcoin blockchain.

In January during a campaign stop in New Hampshire, Trump promised that if elected, he will not allow the Federal Reserve to create a central bank digital currency. “Tonight I also make a pledge to protect Americans from government tyranny,” Trump said. “As your president, I will never allow the creation of a central bank digital currency.”

As for the campaign donations themselves, the announcement specified that donors would be able to send Bitcoin and other cryptocurrencies to the Trump 2024 campaign through Coinbase, the only publicly traded Bitcoin exchange in the United States.

“Biden surrogate Elizabeth Warren, in an attack on cryptocurrency, said she was building an ‘anti-crypto army’ to limit Americans’ right to make their own financial choices,” the announcement continued. “MAGA supporters, now with a new cryptocurrency option, will build a crypto army to lead the campaign to victory on November 5!”

For more information on how you can donate to the Trump 2024 campaign, visit their website here.

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