Home web3.0 President Joe Biden and Former President Donald Trump Are Turning to the White House Race

President Joe Biden and Former President Donald Trump Are Turning to the White House Race

Jun 28, 2024 pm 02:34 PM

Building anticipation for the first 2024 presidential debate, which started with a fresh set of accusations.

President Joe Biden and Former President Donald Trump Are Turning to the White House Race

The first 2024 presidential debate is underway and crypto enthusiasts are eagerly waiting for any mention of digital assets by the candidates.

While there have been discussions about the crypto industry pushing for cryptocurrency discussions during tonight’s debate, there’s no confirmation yet on whether the candidates will indeed be talking about crypto.

There have been reports of President Biden’s campaign looking into accepting donations through Coinbase Commerce, a move that was initiated by President Trump’s campaign last month.

However, Biden campaign officials have declined to comment on the matter.

Coinbase Commerce is a service that allows merchants to accept cryptocurrency payments. It is a separate product from the Coinbase exchange, which is used to buy and sell cryptocurrencies.

If Biden’s campaign does decide to accept crypto donations, it would be a significant development. It would be the first time that a major presidential campaign has accepted crypto donations.

Trump’s campaign began accepting crypto donations in April. The campaign has said that it will accept donations in Bitcoin, Ethereum, Litecoin and Dogecoin.

The move by Trump’s campaign has been praised by some in the crypto industry. However, it has also raised concerns among some legal experts, who say that the campaign could be breaking federal election law.

The Federal Election Campaign Act (FEC) prohibits candidates from accepting donations that are made in a currency other than the U.S. dollar. However, the FEC has not yet issued any guidance on whether cryptocurrencies are considered a currency under the law.

If the FEC were to decide that cryptocurrencies are not a currency, then Trump’s campaign could be breaking the law by accepting crypto donations. However, if the FEC were to decide that cryptocurrencies are a currency, then Trump’s campaign would be legally permitted to accept crypto donations.

It is still unclear whether the candidates will be discussing crypto during tonight’s debate. But if they do, it will be a historic moment for the crypto industry.

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