22 May

Former President Donald Trump, currently facing criminal charges in multiple jurisdictions, has announced that his 2024 presidential campaign will accept cryptocurrency donations. 

The campaign launched a fundraising page on May 21, allowing supporters to donate in various cryptocurrencies through Coinbase Commerce. This move comes amidst criticism of cryptocurrency by figures like Senator Elizabeth Warren, whom Trump accused of being President Joe Biden's "official surrogate" in Congress.

During a May 8 event, Trump indicated that attendees who purchased nonfungible tokens featuring his mugshot could donate to his campaign in crypto. As the presumptive Republican nominee for the 2024 presidential election, Trump is expected to face off against President Biden, the presumptive Democratic nominee. Trump has agreed to televised debates with Biden on June 27 and Sept. 10, marking their first in-person encounter since the 2020 election.

While Trump's campaign website accepts crypto donations, his 'issues' page does not specifically address digital assets. President Biden has signed an executive order to establish a regulatory framework for digital assets but has made few public statements on cryptocurrencies.

Trump's announcement coincides with the impending jury deliberations in his New York criminal trial, where he faces charges related to falsifying business documents and other allegations in Georgia, the District of Columbia, and Florida. 

Despite his past skepticism about Bitcoin, Trump's campaign now accepts crypto donations, while political action committees supporting him reportedly finance some of his legal expenses.

May 2024, Cryptoniteuae

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