Donald Trump, aiming for a second term as U.S. President, has announced that his campaign will now accept cryptocurrency donations, marking a significant shift from traditional campaign financing. Supported by Coinbase, his platform now accepts a wide array of cryptocurrencies, including Bitcoin, Ethereum, and various meme coins, positioning him as the first major party Presidential nominee to embrace such a diverse range of digital assets for campaign contributions.
Wednesday, May 22, 2024Donald Trump has declared his commitment to the future of cryptocurrency in the USA, emphasizing support for the rights of the nation's 50 million crypto holders to self-custody their assets and opposing the creation of a central bank digital currency.
At the Libertarian National Convention, presidential candidate Donald Trump said he would commute the sentence of Silk Road creator Ross Ulbricht if elected.
Demonstrating AI's potential and limitations in combating misinformation, journalists utilized AI tools from TrueMedia.org to verify images related to the attempted assassination of former President Donald Trump. The analyzed photos, including one showing a bullet near Trump's head and another of Trump raising his fist, were likely unmanipulated. While these tools are helpful, they are not a complete solution. Verified media and fact-checkers are still needed.
In his keynote address, Trump promised to fire Gary Gensler on Day 1 of his administration, which was met with a roar of applause from the audience. He also proposed the creation of a Bitcoin Strategic Reserve using the 200,000 BTC seized by the Department of Justice. Trump told audience members Bitcoin is “going to the moon” and to never sell the digital asset, as it may one day surpass the market cap of gold. He hopes to make the United States the crypto capital of the planet and Bitcoin superpower of the world.
Sen. Cynthia Lummis and former President Donald Trump have proposed creating U.S. bitcoin reserves, arguing that it could act as a buffer against market fluctuations.
Kamala Harris' (~52%) odds of winning the U.S. presidential election now exceed Donald Trump's (~46%) on Polymarket, with the prediction market currently valued at ~$572M. This shift also follows Harris' recent shift towards a more pro-crypto stance and Trump's continued support for Bitcoin.
Recent financial disclosures reveal that Donald Trump holds between $1 million and $5 million in Ether (ETH) and earned over $7 million through an NFT licensing deal. The Trump trading cards have done over 15,000 ETH in trading volumes. Trump has mentioned plans to launch another NFT collection soon.
Donald Trump has launched a series of digital trading cards that place him in various hyper-patriotic and exaggerated scenarios. The design of these cards, which resemble outputs from a basic AI image generator, offers an over-the-top and amusingly self-flattering portrayal of Trump. These new 'America First' edition NFTs have garnered attention, continuing the odd trend since their initial release in late 2022. Despite their peculiar design, there remains a surprising demand for these Trump-themed NFTs.
Donald Trump's new crypto venture, World Liberty Financial, is a DeFi platform that offers "high-yield" investment opportunities. Trump is heavily promoting it as part of his broader crypto-related initiatives. The project is linked to his recent efforts to position the U.S. as a global leader in cryptocurrency if he wins the presidency.
Bloomberg Integrates Polymarket 📈, Details on Trump’s DeFi Project 📝, FBI Warns of North Korean Hackers 🥷
In an X Spaces audio stream, the team behind the Trump Family's new crypto project confirmed plans to launch a governance token called WLFI, available only to accredited investors under an SEC Regulation D exemption. The token, which is non-transferable and offers no economic rights, will focus on governance participation amid ongoing regulatory uncertainty in the U.S. In the stream, Donald Trump called crypto “one of those things we have to do, whether we like it or not.”