2024 US elections: Donald Trump's campaign to begin accepting donations through cryptocurrency

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Donald Trump's campaign is now accepting cryptocurrency donations through a fundraising page on Coinbase, including Bitcoin, Ether, US Dollar Coin, Shiba Inu Coin, and Dogecoin.

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Alka jain

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2024

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Mint

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Trump's new crypto donation platform raises FECA compliance concerns

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Cryptocurrencies can obscure the identity of donors, making it difficult to verify the source of the funds. This anonymity complicates efforts to ensure that donations comply with regulations, particularly those that prohibit contributions from foreign nationals and other restricted sources.

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Its not yet clear if the Trump campaign will retain the cryptocurrency or sell it immediately, as well as what fees might be incurred during liquidation. Although the campaign intends to comply with US election laws, the anonymous nature of cryptocurrencies can complicate the verification of the source of the funds.

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