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- Trump champions cryptocurrency, promising to build a “crypto army” and criticizing Biden’s stance on digital assets.
- Trump targets Senator Elizabeth Warren’s anti-crypto efforts, highlighting a Democratic crackdown on cryptocurrencies.
- The campaign criticizes President Joe Biden and Senator Elizabeth Warren for their efforts to form an anti-crypto army.
Donald Trump, the Republican candidate for the 2024 US Presidential Election, has promised to build a “crypto army” and announced the acceptance of cryptocurrency donations. During his presidential campaign event on Tuesday, Trump declared his support for cryptocurrency, criticizing President Joe Biden’s alleged “socialist government control” over digital assets
Previously, Trump emphasized the urgency of introducing a convenient and comprehensive regulatory framework. In addition, he questioned Biden and his administration’s anti-crypto stance. Trump asserted that Biden opposes crypto assets without understanding them.
In his recent campaign, Trump criticized US Senator Elizabeth Warren, a notable crypto critic, referring to her effort to build an “anti-crypto army.” By highlighting Warren and Biden in the same context, Trump pointed out the Democrats’ combat against cryptocurrencies. He stated, “Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices.”
The Trump campaign’s crypto donations enable the candidate’s followers to donate any cryptocurrencies through the Coinbase (NASDAQ:COIN) Commerce product. Coinbase spokeswoman Julia Krieger commented,
“Crypto is nonpartisan and moves money forward because its cheaper and faster. The Coinbase platform is open to all candidates this election season.”
The campaign added that the limit in contribution and other requirements will be per the regulations of the Federal Election Commission. Denouncing Biden’s anti-crypto army, the campaign cited, “MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!”
With the Trump campaign’s announcement to accept crypto donations, Donald Trump has become the “first major party nominee” to embrace crypto donations. Meanwhile, Biden warned his supporters, stating, “Cryptocurrency executives and oil barons are coming out of the woodwork for Trump.”
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