

Business
Joe Biden Faces Backlash For Accepting Bitcoin & Crypto Donation – Crypto News
In a surprising move, President Joe Biden is exploring the possibility of accepting crypto donations through Coinbase Commerce. This has sparked a wave of criticism from various corners of the crypto community. Moreover, industry stakeholders urged the crypto community to refrain from supporting Biden’s campaign.
Crypto Community Slams Joe Biden
Joe Carlasare, a commercial litigator known for his support of Bitcoin, took to X to highlight what he sees as a contradiction in the Biden government’s stance. “Biden’s SEC is suing @coinbase in federal court arguing it doesn’t have a right to exist as an exchange. At the same time, the Biden campaign is preparing to accept crypto donations via Coinbase,” Carlasare wrote.
Pro-XRP lawyer John Deaton, who is running against Senator Elizabeth Warren, amplified Carlasare’s concerns. He criticized the discontinuity in Washington DC politics. Deaton wrote, “Joe’s post highlights the utter dysfunction of Washington DC politics. Senator Elizabeth Warren has proposed a bill written by the Banking Industry that bans the self-custody of Bitcoin and other crypto assets.”
He also highlighted the difference in Biden and Gensler’s stance on crypto. Deaton added, “Gary Gensler claims that those same crypto assets constitute illegal securities. But in the meantime, President Joe Biden will accept those illegal securities as political donations,” Deaton stated.
Moreover, Ryan Selkis, CEO of Messari, a crypto analytics firm, expressed his dismay in strong terms. “I will never be able to look at anyone who donates to this campaign using crypto – before ANY concessions or policy reversals – without spitting venom. Would be an act of complete cowardice, betrayal, and show negative self-worth,” Selkis wrote.
Furthermore, Nic Carter, founder of Coin Metrics, detailed a list of grievances against the Biden administration’s handling of crypto. He accused the administration of bullying banks into dropping crypto clients. Moreover, he highlighted the administration’s engagement in legal battles against major exchanges and token projects.
In addition, he slammed them for harassing Bitcoin miners, and driving many high-quality projects abroad. “They have the absolute temerity to think we’re gonna donate crypto to the campaign?” Carter questioned in a furious tone.
Also Read: US Presidential Candidate Donald Trump Meets Bitcoin Miners, What’s Cooking?
Reports Of Accepting Crypto Donations
Sources close to the Biden campaign revealed that the campaign is in discussions with crypto industry players about accepting crypto donations through Coinbase Commerce. This service allows merchants to accept dozens of cryptocurrencies. Moreover, it is already used by presumptive Republican candidate Donald Trump’s campaign for digital currency contributions.
The move is part of the Biden campaign’s efforts to court crypto-focused voters ahead of a tightly contested election. An anonymous source said the campaign is looking to show that it is not anti-crypto. “They’re paying attention to issues around crypto and are trying to find quick wins to show that they’re supportive of the industry,” the source said, according to The Block report.
Additionally, another source indicated that the campaign’s focus on crypto has intensified following backlash for striking down a bipartisan push to repeal SAB 121. The SEC’s SAB 121 is a legislative measure seen as hindering the crypto industry’s growth in the U.S.
Critics argue that this attempt to attract crypto donations is ‘hypocritical’ given the administration’s previous stance on cryptocurrencies. However, the Biden campaign’s engagement with the crypto community appears to be part of a broader strategy to secure every possible vote.
Crypto-backed super PACs have raised significant funds, and their influence is being felt on both sides of the political aisle. According to a report by Public Citizen, citing Open Secrets data, these super PACs have amassed a $100 million war chest.
Despite the backlash, the Biden campaign continues to explore its options. Sources say the discussions about accepting crypto donations are still in the “exploratory” phase. They underscored the importance of this demographic in what is expected to be a closely fought election.
Also Read: Zimbabwe Joins Global Race With New Push Towards Crypto Regulations
<!–
–>
<!–
–>
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
<!–
–>
-
others1 week ago
Ex‑FSL Leader Launches TrendsDotFun to Tokenize Social Media Posts – Crypto News
-
Technology5 days ago
Best 5G phones under ₹10,000 in July 2025: Infinix Hot 60, Samsung M06 and more – Crypto News
-
Technology1 week ago
Bitwise Crypto Index Fund Holding BTC, ETH, XRP To Convert Into ETF – Crypto News
-
Cryptocurrency7 days ago
ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO – Crypto News
-
Technology6 days ago
Why is Shiba Inu Price Up Today? – Crypto News
-
Cryptocurrency1 week ago
Massive Polkadot (DOT) Rally Ahead? Here’s What’s Driving It – Crypto News
-
Cryptocurrency1 week ago
Scaling the Future: Bitcoin.ℏ’s 10,000 TPS Advantage with Hedera Hashgraph – Crypto News
-
others6 days ago
Arthur Hayes-Backed Altcoin Outpaces Crypto Market Amid Launch of New Partnership With Anchorage Digital – Crypto News
-
others5 days ago
Japan CFTC JPY NC Net Positions rose from previous ¥103.6K to ¥106.6K – Crypto News
-
Blockchain5 days ago
Tether Gold (XAUt) Market Cap Soars as Gold Hits Record Highs in 2025 – Crypto News
-
Technology1 week ago
Alibaba launches its ‘most advanced’ open-source AI model Qwen3-Coder — All you need to know – Crypto News
-
De-fi1 week ago
Crypto Markets Wobble as Fed Chair Powell Faces Pressure – Crypto News
-
De-fi1 week ago
Crypto Markets Wobble as Fed Chair Powell Faces Pressure – Crypto News
-
De-fi1 week ago
Stablecoin Flows are Directly Impacting Treasury Yields: Messari – Crypto News
-
Cryptocurrency7 days ago
ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO – Crypto News
-
others7 days ago
US Dollar finds support amid Fed uncertainty and tariff talks – Crypto News
-
Technology7 days ago
‘Screwed up’: Sam Altman warns against using ChatGPT as your lawyer or therapist – Crypto News
-
Technology5 days ago
Who is Shengjia Zhao? ChatGPT co-creator named Chief Scientist at Meta’s Superintelligence Labs – Crypto News
-
Cryptocurrency1 week ago
Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume – Crypto News
-
Cryptocurrency7 days ago
Friday charts: Crazy train investing – Crypto News
-
Cryptocurrency5 days ago
Market update: Bitcoin rises after US-EU announce framework trade agreement – Crypto News
-
Cryptocurrency4 days ago
Bitcoin and Ethereum ETFs Pull in Record-High $11.2 Billion in July – Crypto News
-
Metaverse3 days ago
OpenAI rolls out ‘Study Mode’ in ChatGPT: What is it? How to use? All your questions answered… – Crypto News
-
De-fi1 week ago
Trump Media Amasses $2 Billion Bitcoin Hoard After SEC-Cleared Fundraise – Crypto News
-
Cryptocurrency1 week ago
Ethereum price forecast as ETH dominance jumps to 11.5% – Crypto News
-
Business1 week ago
Why is PENGU Price up today? – Crypto News
-
Metaverse7 days ago
How AI can weave a future for Kashmir’s centuries old carpet industry – Crypto News
-
De-fi7 days ago
Windtree Therapeutics Plans $520 Million Raise, 99% for BNB, Secures $500M Equity Line, Uses Kraken Custody – Crypto News
-
Business6 days ago
Buy DexScreener Reactions – Boost Legends: Guide + $5 Bonus – Crypto News
-
De-fi5 days ago
ETH Unstaking Queue Hits Record High, Led by Justin Sun-Linked Addresses – Crypto News
-
others5 days ago
‘Sit Tight With Bitcoin’ Robert Kiyosaki Predicts Great Depression 2.0 – Crypto News
-
Cryptocurrency4 days ago
ZK breakthroughs, onchain comebacks and stablecoin shakeups – Crypto News
-
Technology4 days ago
Solayer Launches USDC-Powered Hotel Booking Platform To Give Crypto Travel a Boost – Crypto News
-
Technology3 days ago
Spotify hits 276M subscribers and strong user growth in Q2, but revenue and profit fall short of targets – Crypto News
-
Business1 week ago
Fact Check: Did Jerome Powell Resign As Fed Chair? – Crypto News
-
Cryptocurrency1 week ago
Denver Pastor, Wife Indicted in Alleged $3.4 Million Crypto Scam – Crypto News
-
others1 week ago
USD/INR refreshes monthly high on relentless FIIs sell-off in Indian equities – Crypto News
-
Business1 week ago
Crypto Market Crashes Amid Trump’s Threat to Increase Tariffs – Crypto News
-
Blockchain1 week ago
BNY, Goldman Launch Blockchain Solution – Crypto News
-
De-fi1 week ago
Goldman Sachs, BNY to Launch Tokenized Money Market Fund – Crypto News
-
Cryptocurrency7 days ago
Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail – Crypto News
-
De-fi5 days ago
Bank of America Says U.S. Lenders Ready Stablecoin Launches – Crypto News
-
Business5 days ago
Ethereum Breaks $3,900 as SharpLink Makes Another $295M ETH Purchase – Crypto News
-
Business4 days ago
Breaking: US SEC Delays Launch Of Truth Social’s Bitcoin ETF And Grayscale’s Solana ETF – Crypto News
-
Technology4 days ago
Just In: $111B Brokerage Giant Interactive Brokers Explores Stablecoin for Funding – Crypto News
-
others4 days ago
Breaking: PayPal to Let Merchants Accept Payments in Over 100 Cryptocurrencies – Crypto News
-
De-fi1 week ago
Aavegotchi Holders Push Back Against $3.2 Million Buyout Bid from Chinese VC – Crypto News
-
Cryptocurrency1 week ago
How to Invest in Cryptocurrency In India – Crypto News
-
others1 week ago
Court Approves $1.9B Reserve Release, Enabling Next FTX Distribution – Crypto News
-
Business1 week ago
Elon Musk’s Tesla Reports $284 Million Gain On Bitcoin Holdings – Crypto News
✓ Share: