Trump campaign starts taking cryptocurrency donations, vows to build a 'crypto army'

• The Trump campaign announced Tuesday it will start accepting cryptocurrency donations.
• The announcement ties President Joe Biden, who is running for reelection against former President Donald Trump, with arch-crypto critic Sen. Elizabeth Warren, D-Mass.
• The move is just Trump's latest bid to court the crypto crowd.

The Trump campaign announced Tuesday it will start accepting cryptocurrency donations, casting the move as one of solidarity with opponents of "socialistic government control" over the U.S. financial markets.

Supporters of former President Donald Trump can donate using "any cryptocurrency accepted through the Coinbase Commerce product," his campaign said in a press release.

The announcement ties President Joe Biden, who is running for reelection against Trump, with Sen. Elizabeth Warren, D-Mass., a vocal crypto critic who has pushed to clamp down on the nascent industry.

"Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an 'anti-crypto army' to restrict Americans' right to make their own financial choices," the campaign said, referring to a reelection ad Warren posted on X in March 2023.

"MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!" the campaign said.

The move opens a new source of potential funds for the Trump campaign, which still lags behind Biden in cash on hand even as it outraised the Democratic incumbent in April.

Crypto donations will be reported as in-kind contributions, much like gifts of stock. The campaign can then decide to either liquidate the digital currency or hang on to it.

"Contribution limits and disclosure requirements for crypto donations will follow Federal