1BUV Global News No Ads or Trackers
No Ads or Trackers
US Congressman Tom Emmer Will Accept Crypto Donations for Reelection Campaign

US Congressman Tom Emmer Will Accept Crypto Donations for Reelection Campaign

Minnesota Representative Tom Emmer will accept crypto donations for his campaign.

The Chairman of the National Republican Congressional Committee (NRCC) and member of the Congressional Blockchain Caucus opened his first cryptocurrency town hall on Thursday with the announcement, telling CoinDesk that BitPay will process all donations. 

The town hall, announced last week, was held in conjunction with the Chamber of Digital Commerce (CDC) to celebrate innovators in the crypt industry and to encourage engaged voters to participate in political discourse.

CDC founder and president Perianne Boring told CoinDesk that contributors can make donations to Emmer’s campaign using any one of the eight cryptocurrencies supported by BitPay, including bitcoin, bitcoin cash, Gemini’s U.S. dollar stablecoin and Circle’s USDC.

Emmer is not the first politician to accept crypto contributions. In 2015, Kentucky Senator Rand Paul accepted bitcoin to fund his presidential campaign. Last year, Democrats Rep. Eric Salwell and Andrew Yang both accepted crypto donations for their presidential campaigns as well. But according to Boring, Rep. Emmer’s initiative is different. 

“He’s engaging the community. It’s more than just adding a button on his campaign website. It’s about including more people in the political process, especially young people who prefer to leverage advanced technologies,” Boring said.

The crypto town hall was described as a “celebration” of innovators in the crypto space, and featured industry leaders BitPay CEO Stephan Pair, Circle CEO Jeremy Allaire, Ripple CEO Brad Garlinghouse, eToro Managing Director Guy Hirsch, Bloq co-founder and Chairman Matthew Roszak as well as Paxos co-founder and CEO Chad Cascarilla. 

Source link

Leave a comment

1BUV Global News