Biden campaign in panic mode as Trump accepts crypto donations

Not long after declaring his support for the cryptocurrency sector and making it one of the defining points of his presidential bid, the former United States President Donald Trump is now officially accepting donations for his campaign in the form of crypto assets, creating concerns for his opponent’s team.

Specifically, in a historic decision, the Trump campaign has announced it would start accepting donations in digital assets and has launched a fundraising page allowing them, making the former President the first major party nominee in the US to do this, according to a press release on May 21.

Trump crypto fundraising page. Source: Donald J. Trump campaign

As per the press release, the fundraising page provides “any federally permissible donor the ability to give – through its joint fundraising committees – using any cryptocurrency accepted through the Coinbase Commerce product,” referring to the popular crypto exchange.

Biden campaign fundraising text. Source: Bitcoin Magazine

As a reminder, Trump recently said he was “fine with crypto,” that he was planning to reduce regulatory “hostility” towards it and keep crypto businesses in America, as well as making it possible for his supporters to donate to his campaign using crypto assets, as Finbold reported on May 9.