According to the source, Donald Trump’s stance on crypto has shifted from calling Bitcoin "a scam" in a June 7, 2021 Fox Business interview and saying he was "not a fan" in a July 12, 2019 tweet, to later engaging with crypto via NFTs and campaign donations, a trajectory traders should track for policy risk and market catalysts (source: Fox Business interview, Jun 7, 2021; Donald J. Trump Twitter Archive, Jul 12, 2019). Key milestones include the launch of Trump Digital Trading Cards on Polygon in December 2022 and a follow-on release in 2023, indicating direct monetization of crypto-native assets by a leading political figure (source: Trump Digital Trading Cards official website, 2022–2023). In May 2024, his presidential campaign began accepting crypto including BTC and ETH via Coinbase Commerce, broadening political fundraising rails and signaling growing legitimacy of on-chain payments in U.S. politics (source: Coinbase blog, May 2024; Donald J. Trump campaign announcement, May 2024). For traders, U.S. political endorsements and policy actions have proven catalytic for market structure and access, as illustrated by the SEC’s January 2024 approvals of spot Bitcoin ETFs that expanded institutional participation in BTC (source: U.S. SEC approval orders for spot Bitcoin ETFs, Jan 10, 2024).

According to ZachXBT, on April 21, 2024, a Coinbase Commerce contract experienced a significant outflow of over 1700 USDC transactions totaling $15.97 million on the Polygon network. The transactions were linked to attackers using the addresses 0x07c77559b37a5cde66267a3b5451200fdc312078 and 0x58e838b7fbfe27397517fbe70b1c92d941aace4d. The affected contract address is 0x551c6791c2f01c3cd48cd35291ac4339f206430d. This incident may impact the trust and security perceptions of Coinbase Commerce's operations on Polygon.

According to ZachXBT, in April 2024, a Coinbase Commerce contract experienced suspicious outflows amounting to $15.9 million, suggesting a possible exploitation of a merchant. Shortly thereafter, a threat actor using the alias 'Excite' began displaying the stolen funds in online chats. This incident raises concerns about the security of transactions and funds managed through Coinbase Commerce, highlighting potential vulnerabilities that traders should be cautious of.