Donald Trump during the election campaign cryptocurrency officially announced that it would accept donations. The campaign supports various digital currencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Cardano (ADA), Shiba Inu (SHIB), Solana (SOL), as well as USD Coin (USDC) stablecoin. It will also accept .
This step was enough to make Donald Trump one of the pioneers integrating digital assets in political fundraising. Supporters’ ability to donate through popular wallets such as Coinbase Wallet and MetaMask allows the campaign to reach technology-savvy voters.
The Trump campaign has dubbed its strategy of mobilizing support using crypto donations a “crypto army.” This step is a direct response to Senator Elizabeth Warren’s “anti-crypto army” rhetoric.
Additionally, Trump’s campaign defends the move as a reflection of his commitment to American innovation and freedom. In this way, Trump aims to appeal to a segment of voters who feel marginalized by current policies and plans to position himself as a champion of technological progress in America.
The inclusion of cryptocurrencies in political fundraising marks the first time in American history that a major party’s presidential candidate has actively accepted various cryptocurrencies. Previous political campaigns have generally been limited to Bitcoin donations. But Trump’s decision to accept various digital currencies is an exemplary turning point in the history of US political fundraising.
Implications for the Cryptocurrency Market
Trump’s embrace of cryptocurrency has created ripple effects beyond his campaign. According to analysts, this support could increase political pressure on crypto opponents, which could influence regulatory decisions. The U.S. Securities and Exchange Commission (SEC) is currently under review, and Trump’s decision could also have a positive impact on the likelihood of Ethereum ETFs being approved.
On the other hand, Donald Trump, the Solana-based meme coin, made huge gains following Trump’s announcement. Therefore, as Trump further promotes digital currencies, his influence could reshape America’s political and economic landscape and challenge the current administration’s stance on cryptocurrencies.
