Trump Campaign Adopts Bitcoin Lightning Network for Donations

Donald Trump has become the first former American President to accept donations through the Bitcoin Lightning Network for his campaign.

This adoption signifies a notable integration of Bitcoin into mainstream political financing.

Strategic alliance with bitcoin pioneers

The initiative to incorporate Bitcoin into Trump’s campaign donations was advised by David Bailey, the CEO of Bitcoin Magazine, who also serves as a cryptocurrency policy aide within Trump’s team. Trump’s campaign has collaborated with OpenNode, a leading infrastructure provider for Bitcoin and the Lightning Network to facilitate these transactions. This partnership reflects a substantial endorsement of digital currency’s potential within political campaign financing.

Trump’s advocacy for cryptocurrency

Trump, during a recent Libertarian Party convention, affirmed his support for cryptocurrencies and the rights of American crypto users. His commitment was articulated through his pledge to foster a Bitcoin-friendly environment in the U.S. and support the self-custody rights of the nation’s 50 million cryptocurrency holders. Trump also intends to ensure that the U.S. remains at the forefront of the cryptocurrency and blockchain industries. Moreover, he made a notable announcement regarding Ross Ulbricht, founder of Silk Road and a recognized figure in early Bitcoin circles, promising to commute his sentence to time served if elected.

Bipartisan support for crypto policies

Trump’s political rival, Robert F. Kennedy Jr., has also voiced support for the evolving pro-crypto policies during a press conference at Consensus 2024 in Austin, Texas. Kennedy highlighted the importance of transactional freedom and sovereignty over personal wallets within the cryptocurrency domain. He emphasized the necessity for a transparent currency that keeps America at the cutting edge of blockchain technology. In addition to his political stance, Kennedy disclosed personal investments in Bitcoin, further showcasing his commitment to understanding and integrating cryptocurrency into his platform. This bipartisan recognition of cryptocurrency’s role underscores its growing importance and potential regulatory transformation within the U.S. financial landscape.

The post Trump Campaign Adopts Bitcoin Lightning Network for Donations first appeared on Coinfea.