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Donald Trump has become the first US President to accept Bitcoin Lightning Network payments for his 2024 presidential campaign donations.[1][2][3][4][5] His campaign has partnered with OpenNode, a leading Bitcoin infrastructure provider, to facilitate these crypto contributions.[2][4]
At a recent Libertarian Party convention, Trump expressed his commitment to fostering a Bitcoin-friendly environment in the US and supporting the right to self-custody for the nation's 50 million crypto holders.[4] He also pledged to commute the sentence of Ross Ulbricht, founder of the Silk Road marketplace, to time served if elected.[4]
Trump's decision marks a major milestone in integrating Bitcoin into mainstream politics and contrasts with President Biden's skepticism towards cryptocurrencies.[5] It aims to court the over 50 million crypto enthusiasts and investors in the country.[5]
Sources [1] https://bitcoinmagazine.com/markets/trump-becomes-first-president-to-accept-bitcoin-lightning-payments-for-campaign-donations [2] Donald Trump Makes History by Embracing Bitcoin Payments for ... https://coinedition.com/donald-trump-makes-history-by-embracing-bitcoin-payments-for-campaign/ [3] Trump's 2024 Campaign Accepts Bitcoin Lightning Network Payments https://crypto.ro/en/news/trumps-2024-campaign-accepts-bitcoin-lightning-network-payments/ [4] Trump Accepts Bitcoin Lightning Network Payments for Donations https://cryptorank.io/news/feed/e5f51-trump-bitcoin-lightning-network-payments [5] Trump Becomes First President To Accept Bitcoin Lightning ... https://www.nasdaq.com/articles/trump-becomes-first-president-accept-bitcoin-lightning-payments-campaign-donations [6] Bitcoin Magazine - Bitcoin News, Articles and Expert Insights https://bitcoinmagazine.com
He still backs the dollar I'd be interested to see if he finally admits his support for bitcoin I got to see a statement from him directly
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Have they brought the limits down yet to less than $600?
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Does anyone worry that he might make these funds disappear? He isnt known for being frugal.
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Disappear as in theft?
Campaign donations are scrutinized especially in New York lol
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He can use them in any way he sees fit.
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No he cannot
Campaign donations must be used for a campaign not personal use
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He can rent a room in his hotel. He has done it before. For him, his security, and his family. All paid with the donations.
I am pretty sure open node is based in Los Angeles
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