Search Inside Bitcoins

Joe Biden Campaign Considers Accepting Crypto Donations In Attempt To Counter Trump’s Pro-Crypto Stance

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Joe Biden.
Joe Biden.

Join Our Telegram channel to stay up to date on breaking news coverage

US President Joe Biden could start accepting cryptocurrency donations for his presidential campaign to woo crypto voters.

That’s according to The Block, which cited sources familiar with the matter as saying that the Biden campaign team is in talks with experts across the crypto industry about accepting donations via Coinbase Commerce.

The move comes after rival candidate Donald Trump, who calls himself “crypto president,” started accepting campaign donations in crypto via Coinbase Commerce.

Joe Biden Courts Crypto Votes

The razor-thin margin in the US presidential elections is forcing the Biden campaign team to court the crypto community for votes.

According to sources speaking to The Block, the Biden administration is seeking “quick wins” by being more supportive of the crypto industry.

“People in [Biden’s] outer inner circle are now specifically telling the Biden team, ‘if you’re quiet on this crypto thing and you don’t get up to speed, you could lose the election,”’ one source said.

In May, the US securities regulator unexpectedly approved spot Ethereum ETFs (exchange-traded funds), a move widely seen as a political play by the Biden administration to woo crypto voters.

But Biden vetoed the SAB 121 bill shortly after ETH ETFs were approved. The action drew criticism across the cryptocurrency industry, accusing the administration of hindering growth.

Mixed Reactions

The efforts by the US president to court the crypto community are getting mixed reactions from the community.

One user accused the Biden administration of inconsistencies. For example, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, which the Biden campaign team is considering using for crypto donations.

As Biden struggles to woo crypto voters, a recent Donald Trump fundraiser with many top crypto executives present raised $12 million.

Also Read:

PlayDoge (PLAY) - Newest ICO On BNB Chain


  • 2D Virtual Doge Pet
  • Play To Earn Meme Coin Fusion
  • Staking & In-Game Token Rewards
  • SolidProof Audited -

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!