Former President Donald Trump has announced his intention to accept cryptocurrency donations for his campaign and has pledged to support cryptocurrency under his administration, branding himself as 'America's first Bitcoin president.' In response, President Joe Biden's re-election campaign has begun reaching out to key figures in the cryptocurrency industry over the past two weeks to seek guidance on the future development of the cryptocurrency community and policy. This marks a significant shift in Biden's approach to digital assets, as his administration had previously faced backlash for its stance on cryptocurrency. Trump's announcement also includes a promise to make the USA crypto-friendly and ban Central Bank Digital Currencies (CBDCs).