Trump Accepts Cryptocurrency Donations In Bitcoin, Ethereum, Shiba Inu, Dogecoin And More, Says MAGA Supporters 'Will Build A Crypto Army'
Portfolio Pulse from Chris Katje
Former President Donald Trump is now accepting cryptocurrency donations for his presidential campaign, making it the first major party campaign to do so. The campaign will accept various cryptocurrencies through Coinbase Commerce, including Bitcoin, Ethereum, and Dogecoin. This move aims to attract the crypto community, contrasting with the anti-crypto stance of President Joe Biden and other Democratic leaders.
May 21, 2024 | 9:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Coinbase Global (NASDAQ:COIN) will facilitate cryptocurrency donations for Trump's campaign through its Coinbase Commerce product. This could increase transaction volumes and visibility for Coinbase.
Coinbase's involvement in facilitating crypto donations for a major political campaign could lead to increased transaction volumes and higher visibility, potentially boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100