According to a source familiar with the matter, US President Joe Biden's campaign is in discussions with cryptocurrency industry players about accepting cryptocurrency donations through
Coinbase Commerce.
Coinbase Commerce, a payment service that allows merchants to accept dozens of cryptocurrencies, has offered crypto donations to Republican candidate Donald Trump's campaign, which began accepting digital currency donations last month.
According to a source who requested anonymity because of the sensitivity of the discussion, the discussion is the latest effort by the Biden campaign to explore how to win over cryptocurrency supporters ahead of the election. A source told The Block that the Biden team may be seeking sponsorship through well-funded cryptocurrency supporters.
"They are looking at the problems of the crypto industry and trying to find quick wins to show they support the industry, they want to show they are not the enemy," said a source who works with politicians and crypto industry leaders.