Published On: Thu, 13 Jun 2024 07:07:18 GMT

President Biden to accept crypto payments ?

Jun 13, 2024, 7:07 AM UTC

Author: Sahil Thakur

President Biden’s team is in discussions to accept crypto Donations, according to the Block.
Comes after weeks of Donald Trump doing the same.
Donald Trump has been very “pro-crypto” in his stance this election campaign.

Coinbase Commerce, the payment service which allows merchants to accept cryptocurrencies is already being used by Donald Trump’s team to accept donations for his election campaign.

Considering Biden has always been resistant towards crypto, this move comes as a bit of a surprise

Pro-crypto donors are increasingly mobilizing, drawing the interest of political candidates from both parties. According to Public Citizen, citing Open Secrets data, crypto-backed super PACs have amassed a $100 million war chest as of May. The allocation of these funds and the recipients will be crucial, as political support often aligns with the direction of contributions from wealthy donors, sources told The Block.

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