Biden’s Campaign Team Mulls Crypto Donations to ‘Show They’re Not Enemy’: Report

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Joe Biden speaking at a campaign event, highlighting his engagement with crypto donations.
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Biden’s Administration Is Open to Getting Crypto Donations to Show They Are Not Enemy Per (sic) Report

US President Joe Biden’s re-election team is discussing accepting cryptocurrencies as part of the 2024 election campaign proceedings.

Continuing Dialogues with Crypto Businesses

In a news report from The Block, sources from the election campaign team have said that negotiations are ongoing with crypto businesses concerning the reception of crypto donations through Coinbase Commerce. One person that the publication quoted, who is involved with politicians, stated that they were thinking there are enemies, and they want to make it clear that “they’re not the enemies.”

“They’re paying heed to problems associated with cryptos and are making an attempt to find possible solutions as evidence that they are in support of the sector,” the informant said.

Biden’s Plea for Financial Help

Before this, in May, his election campaign was asking for financial aid “so as not to lose the battle with his Republican” adversaries. In a viral screenshot, Biden’s campaign team seemed to have been texting their supporters to counsel them regarding the Trump campaign’s hefty donor list. Biden admitted that the Trump campaign had “outraised” him and that it was the crypto executives who supported Trump to a great extent.

Strong Advocates and the Evaluation Step

The report affirmed that those who are close to Biden are specifically pushing Biden to embrace the crypto option. “Burying your head in the sand for being below par in terms of understanding crypto could cost you the election,” they said. Nonetheless, the source emphasized that crypto donations are still at the “exploratory” phase and Biden’s team is mulling over the possibility.

Trump’s Crypto Donation Embrace and Promise

So the newly enrolled Republican presidential nominee Donald Trump the Trump, began the election campaign through his trump2024 fundraising page last month by taking advance payment mainly digital currency. The main cryptocurrencies that can be used for payment are these: BitCoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), Ripple (XRP), USD Coin (USDC), and 0x (ZRX). What about the other side?

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Alone by raising the Bitcoin, Ether, USDC, despite not being in the list on the page, whereby still, it is acceptable, for example, Dogecoin, Ripple, ZRX, and 0x at Trump’s fundraising page, the ex-President Trump appeared to suggest that that meant he was the election partner. Los Angeles City.

He defines former U.S. president as somebody, according to him, who believes more or less in digital or electronic coins. Speaking at a fundraising event in San Francisco, he further explained that he would, if elected, become a President crypto. Of course, the start of the journey shall be his releasing of one Ross Ulbricht from prison by means of giving him a presidential pardon in case of his re-election at the beginning of May. What Trump said was to issue the pardon to Ross Ulbricht if he gets reelected, this way he tried to prove he was still friendly to tech, meanwhile, D-CA55 was publishing such information.

Their voting campaigns, which are both preparing for the incoming election, will have a big effect on their donation and voter attraction if they show the correct method of cryptocurrency and allow the digital currency donations to be accepted.

Blockonomics