{"id":135130,"date":"2024-08-08T16:00:08","date_gmt":"2024-08-08T13:00:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135130"},"modified":"2024-08-08T12:13:38","modified_gmt":"2024-08-08T09:13:38","slug":"risks-of-crypto-donations-in-trumps-campaign","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/","title":{"rendered":"Risks of Crypto Donations in Trump\u2019s Campaign"},"content":{"rendered":"<p>This shift marks a significant reversal from Trump\u2019s previous stance, where he labeled <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>a \u201cscam\u201d threatening the dollar. Despite this change, the crypto community\u2019s reaction has been generally positive, with many investors and consumers eager to support his re-election bid through crypto.<\/p>\n<p>Blockchain data shows that Trump has already received substantial contributions in Ethereum (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>) and USD Coin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a><\/strong>), totaling at least $6 million through a single address in recent months.<\/p>\n<p>However, accepting crypto donations comes with notable risks. The security protocols for cryptocurrencies are still evolving, and the exposure of donor addresses could lead to issues ranging from political espionage to criminal activities.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/younger-generations-prefer-bitcoin-over-traditional-finance-michael-saylor\/\" title=\"Younger Generations Prefer Bitcoin Over Traditional Finance &#8211; Michael Saylor\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/08\/bitcoinnnn5858123-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Younger Generations Prefer Bitcoin Over Traditional Finance &#8211; Michael Saylor<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>For instance, Trump\u2019s campaign might face challenges from phishing attacks and potential contamination of funds with \u201cdirty crypto\u201d \u2014 stolen or illicit funds that could complicate the integrity of the campaign\u2019s finances.<\/p>\n<p>Additionally, larger donors might face scrutiny and harassment, and new supporters unfamiliar with cryptocurrencies could find the donation process cumbersome and risky. Fake donation sites could also trick donors, intercepting their funds.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/hong-kong-virtual-bank-launches-trading-with-crypto-etfs\/\" title=\"Hong Kong Virtual Bank Launches Trading With Crypto ETFs\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/11\/bitcoin-btc-etf-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Hong Kong Virtual Bank Launches Trading With Crypto ETFs<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The campaign will need to address these risks by implementing secure practices and considering new technologies. Solutions such as human-readable addresses and enhanced cryptographic proofs could simplify the donation process and improve security.<\/p>\n<p>As digital assets become more integrated into political fundraising, addressing these issues will be crucial for campaigns looking to harness the benefits of cryptocurrency donations while mitigating associated risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the first time in a U.S. election, a major political candidate is accepting cryptocurrency donations. Former President Donald Trump has made a surprising pivot, now embracing digital assets and even suggesting that all remaining Bitcoin should be mined in the U.S.<\/p>\n","protected":false},"author":3,"featured_media":32096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-135130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Risks of Crypto Donations in Trump\u2019s Campaign<\/title>\n<meta name=\"description\" content=\"For the first time in a U.S. election, a major political candidate is accepting cryptocurrency donations. Former President Donald Trump...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Risks of Crypto Donations in Trump\u2019s Campaign\" \/>\n<meta property=\"og:description\" content=\"For the first time in a U.S. election, a major political candidate is accepting cryptocurrency donations. Former President Donald Trump...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-08T13:00:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Risks of Crypto Donations in Trump\u2019s Campaign\",\"datePublished\":\"2024-08-08T13:00:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/\"},\"wordCount\":245,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-bitcoin.jpg\",\"articleSection\":[\"Others\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/\",\"name\":\"Risks of Crypto Donations in Trump\u2019s Campaign\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/risks-of-crypto-donations-in-trumps-campaign\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-bitcoin.jpg\",\"datePublished\":\"2024-08-08T13:00:08+00:00\",\"description\":\"For the first time in a U.S. election, a major political candidate is accepting cryptocurrency donations. 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