Donald Trump Pledges to Accept Crypto Donations for Presidential Campaign

Published: May 9, 2024
Written By:
Vignesh Karunanidhi
Milk Road Writer

Former U.S. President Donald Trump has announced his intention to accept campaign donations in crypto. The speech came during a gathering organized by Trump to meet and dine with buyers of his “Mugshot Edition” non-fungible tokens (NFTs) on his day off from trial.

Key points:

  • Trump promised NFT buyers that he would guarantee the use of crypto for his campaign donations.
  • The former president criticized the Biden administration for its perceived lack of knowledge about crypto.
  • Trump emphasized his support for cryptocurrency, urging its proponents to vote for him.
  • He pledged to work to keep crypto businesses in the United States.

Frank Degods, a prominent NFT creator and influencer, shared the news of Trump’s embrace of cryptocurrency donations on social media platform X.

Read more: FTX Reveals Plan To Reimburse Creditors, Most Will Receive 118% Of Claims

Donald Trump shows his crypto support to the public

Multiple video clips capture Trump telling the gathered NFT buyers, “If you can’t, I’ll make sure you can,” in response to a question about donating to his campaign using cryptocurrency. He further affirmed, “Can we donate to the Trump campaign using crypto? I believe the answer is yes.”

During his address, Trump also took aim at the current U.S. President, Joe Biden, asserting that he “doesn’t even know” what cryptocurrency is. In a direct appeal to the crypto community, Trump stated, “If you like crypto in any form, and it comes in a lot of different forms, if you are in favor of crypto, you better vote for Trump.”

Also read: Donald Trump’s Potential Return Could Boost Bitcoin: Standard Chartered

When questioned about his stance on keeping crypto businesses in the United States, Trump expressed his commitment to retaining them within the country. He acknowledged concerns about hostility towards crypto driving businesses away and vowed to address the issue. “If crypto is moving out of the U.S. because of hostility toward crypto… well, we’ll stop it. We don’t want that,” Trump said, adding, “If we’re going to embrace it, we have to let them be here.”

Trump’s endorsement of cryptocurrency donations and his pledge to support the industry mark a notable shift in the political landscape. 

Vignesh Karunanidhi

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

Vignesh Karunanidhi
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.