Biden campaign in talks to accept crypto donations through Coinbase Commerce: sources
U.S. President Joe Biden’s campaign is in discussions with cryptocurrency industry players about accepting crypto donations through Coinbase Commerce, sources familiar with the matter told The Block.
Coinbase Commerce, a payments service that allows merchants to accept dozens of cryptocurrencies, already powers crypto donations to presumptive Republican candidate Donald Trump’s campaign, which began accepting digital currency contributions last month.
The discussions mark the Biden campaign’s latest efforts to explore ways to court crypto-focused voters in the run-up to an election that some experts on Capitol Hill believe will be decided by a razor-thin margin, according to sources who asked to remain anonymous, citing the sensitivity of the discussions. It also comes as Biden’s team may be looking to bolster its coffers with funds from cash-flush pro-crypto donors, one source told The Block.
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