In a bid to project a friendlier attitude towards a growing demographic, President Joe Biden is reportedly looking to accept political donations in cryptocurrencies.
Coinbase Commerce, a service enabling merchants to accept various cryptocurrencies, already facilitates crypto donations for presumptive Republican candidate Donald Trump. His campaign started accepting digital currency contributions last month.
The Biden campaign's talks are part of efforts to engage crypto-focused voters ahead of an election that experts believe will be closely contested.
Pro-cryptocurrency donors have been mobilizing, with crypto-backed super PACs raising a $100 million war chest, according to Public Citizen.
According to decentralized prediction platform PolyMarket, Trump has a 56% chance of winning the elections against Biden’s 35%.
Price Action: At the time of writing, the memecoin themed around Biden, Jeo Boden (CRYPTO: BODEN), was trading at $0.1762, up 2.2% in the last 24 hours, according to data from CoinMarketCap.
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