JAKARTA - Former President Donald Trump, who has returned to running for the US presidential election, has now officially received donations in the form of Bitcoin (BTC), Ethereum (ETH), and other crypto assets through Coinbase Commerce. This is a digital payment service offered by crypto exchange Coinbase in the US.
This not only marks Trump's support for the crypto industry, but also hints at his intention to counter anti-crypto policies promoted by President Joe Biden and Senator Elizabeth Warren. According to CoinSpeller, receiving this crypto donation is part of the party's commitment to support the crypto industry if Trump is re-elected in the upcoming presidential election in November.
This move began when the Trump Cards NFT Gala event, which was held at its Mar-a-Lago resort in Palm Beach, Florida. When supporters asked if they could contribute in crypto form to its campaign, Trump responded firmly that it would be realized. Now, the promise is fulfilled, and supporters can donate using crypto assets listed on Coinbase Commerce.
According to the announcement, crypto donations will be categorized as an in-kind contribution, similar to how stock donations are handled. This provides flexibility for campaigns to sell cryptocurrencies donated into cash or maintain them as digital assets. Trump's campaign emphasizes that donations in the form of digital assets will comply with Federal Election Commission (FEC) regulations, meaning there will be specific restrictions on the amount that can be donated as well as requirements to report the donation.
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Against Biden And Warren's Anti-Crypto Policy
Trump's campaign is also preparing to mobilize its supporters against anti-crypto policies promoted by President Biden and Senator Elizabeth Warren. Previously, in one of its campaigns on social media, Warren stated that he was forming an anti-crypto force against crypto growth in the United States. The senator is known as a strong critic of the industry and has often called for stricter regulation on crypto.
In response to this, Trump's campaign wanted to form troops to fight both Biden and Warren. "Biden's surrogate, Elizabeth Warren, said in her attack on crypto that she was building an anti-crypto force to limit Americans' rights to making their own financial decisions. MAGA supporters, now with the new crypto option, will build a crypto force to bring the campaign to victory on November 5," Trump's campaign statement said.
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