Countdown to the U.S. Presidential Election! The attitudes of the two parties towards the cryptocurrency industry have attracted much attention. Trump has now opened up donations via the Bitcoin Lightning Network, with a minimum donation amount of $500. In contrast, Biden’s veto of the “SAB 121” repeal has caused dissatisfaction within the industry.
According to Bitcoin Magazine, former U.S. President Donald Trump has become the first U.S. presidential candidate to accept campaign donations via the Bitcoin Lightning Network. Trump’s campaign team has partnered with well-known Bitcoin and Lightning Network infrastructure provider, OpenNode. Supporters can now use Bitcoin via the Lightning Network to make donations for Trump’s 2024 presidential campaign.
Minimum donation of $500
According to the website, there are multiple donation options, with the minimum amount being $500. In fact, Trump’s campaign team has not only embraced the Lightning Network but has also claimed to be ready to embrace new technologies that will make America great again since May 11. In a statement, his campaign team expressed that they can accept donations in any cryptocurrency supported by Coinbase Commerce.
According to the website, the accepted cryptocurrencies include Bitcoin, Ethereum, SOL, USDC, XRP, ZRX, and even meme coins like DOGE and SHIB.
Founder of SkyBridge Capital criticizes Biden’s stance on cryptocurrency
On the Democratic side, their attitude towards the cryptocurrency market is completely different from the Republican Party. In mid-May, both houses of the U.S. Congress passed a resolution to repeal the Securities and Exchange Commission’s (SEC) cryptocurrency accounting standard “SAB 121,” becoming the first cryptocurrency bill submitted to the President. However, Biden officially vetoed the bill aimed at repealing SAB 121 yesterday.
The cryptocurrency community and the U.S. Congress have expressed their dissatisfaction with Biden’s decision. Cody Carbone, Director of Policy at the Digital Chamber, expressed on X that this decision could have a significant cost for President Biden. Anthony Scaramucci, founder of SkyBridge Capital, also expressed his opinion on X, stating that President Biden’s stance on cryptocurrency could have a greater cost for him. Scaramucci believes that vetoing the SAB 121 bill is a very wrong decision, especially at this critical moment.
Related Reports:
Bitcoin Soars, Coinbase Profits, U.S. Banking Industry Gets Jealous
Biden in a Rush! Campaign Team Busy Garnering Support from the Cryptocurrency Industry, Virtual Currency Becomes Election Focus
Even the Female Stock Guru Agrees: Approval of Ethereum ETF is Because Biden Urgently Needs Web3 Votes, Cryptocurrency Becomes Hot Topic in Presidential Election.