In a historic move, Donald Trump has become the first US president to accept Bitcoin Lightning Network payments Campaign donations. This announcement represents an important step in integrating Bitcoin into mainstream politics, highlighting Trump's commitment to advancing the future of Bitcoin in the United States.
The Trump campaign has partnered with OpenNode, a leading provider of Bitcoin infrastructure and accelerator network, to facilitate these donations. Supporters can now contribute to Trump's 2024 presidential campaign using Bitcoin via the accelerator network, a technology designed to enable fast, low-cost transactions.
“OpenNode is proud to partner with Anedot to bring Bitcoin into the political donation process,” OpenNode told Bitcoin Magazine. “This is the perfect marriage of OpenNode's leading Bitcoin technology stack and Anedot's powerful platform for political and nonprofit organizations. The Trump campaign's adoption of our solution is a powerful demonstration of how political campaigns and nonprofits across the country are seamlessly accepting Bitcoin donations.”
Last weekend, while speaking at the Libertarian Party convention, Trump Confirm His dedication to promoting a Bitcoin-friendly environment in the United States, stating that he “will ensure that the future of cryptocurrencies and Bitcoin will be made in the USA”, and that he “will support the right to self-custody for the country's 50 states.” 1 million cryptocurrency holders.”
Trump's support for Bitcoin extends beyond campaign donations. During the same speech, President Trump made a historic commitment to commute the sentence of Ross Ulbricht, founder of Silk Road and early Bitcoin pioneer, to time served if he is elected president.
“He has already served 11 years.” He said. “We'll bring him home.”
Being the first president in US history to accept Bitcoin for campaign donations underscores Trump's broader strategy to attract the country's more than 50 million cryptocurrency enthusiasts and investors. By aligning himself with the Bitcoin community, the groundbreaking presidential candidate has positioned himself as a forward-thinking leader who embraces technological advancement and financial freedom.
Just yesterday, current US President Joe Biden It was overturned Pro-Bitcoin legislation that would have been a huge win for Bitcoin, also showing its reluctance to support the industry. The bill that Biden vetoed would have allowed highly regulated financial companies to incubate bitcoin and other cryptocurrencies.
For more information about Trump campaign donations in Bitcoin, visit his website here.