Former President Donald Trump has announced that his 2024 presidential campaign will accept cryptocurrency donations, including popular digital currencies such as dogecoin and shiba inu. This move signifies a significant shift in the political landscape, as Trump aims to build a 'crypto army' to support his campaign. The Trump campaign has started using Coinbase Commerce to facilitate these crypto donations, allowing for a seamless integration via the Coinbase Developer Platform. This development has prompted reactions from other political entities, with the Biden administration reportedly scrambling to appear less anti-crypto. Additionally, the crypto market has seen a substantial increase in market capitalization, adding $500 billion since May 1st, and the circulation of bitcoin is largely in profit. Trump's embrace of cryptocurrency is seen as a strategic effort to attract the alt-finance crowd and position himself favorably among crypto enthusiasts. The market is also seeing the introduction of an Ethereum ETF and a Bitcoin ETF.