The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give" to its political committees using any crypto asset accepted through the
The announcement promotes Trump's message that he is a crypto-friendly candidate, and also appeals to a core group of young male voters who are increasingly likely to dabble in digital assets. It came as Trump's defense rested in his hush money case in
Cryptocurrencies are a digital asset that can be traded over the internet without relying on the global banking system.
Trump's campaign is accepting a range of popular cryptocurrencies that include Bitcoin, Ether and US Dollar Coin, and also include the low-value coins that tend to be popular with Internet personalities like
Billionaire
It’s not clear whether the Trump campaign will hold onto the crypto or will immediately sell it, and what sort of fees it may pay to liquidate. While the campaign says it plans to follow
Trump has already received millions in cryptocurrency personally through his
A representative from President
While some states don’t allow cryptocurrency donations in state races under existing campaign finance laws, the
A 2014 advisory opinion issued by the commission concluded that bitcoin is “money or anything of value” within the meaning of the law and political committees should value the contribution based on the market value of bitcoin at the time the contribution is received.
The presidential campaign for independent candidate
In conventional money, Biden and the
___
Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
, source