April 19, 2024

GOP started accepting cryptocurrency donations

You can deposit funds in Bitcoin and Bitcoin Cash. Payments are processed by the BitPay service, which immediately convertsdigital coins in american dollars.

United States Republican National CommitteeCongress (NRCC) has begun accepting cryptocurrency as campaign donations, Axios reports. The NRCC will not hold digital assets. Donations are accepted through the BitPay payment service, which automatically converts them to US dollars. You can donate in Bitcoin and Bitcoin Cash.

US Federal Election Commission back in 2014year set a limit on cryptocurrency transfers to such organizations at $ 100 per year. Due to the fact that the committee will not directly interact with digital currencies, it will be able to accept donations up to $ 10 thousand per year. The NRCC will also collect the identity of the people who donated.

In June, Massachusetts Senator ElizabethWarren, who competed with Joe Biden to become the Democratic presidential candidate, called cryptocurrencies a “lousy investment” compared to the stock market. During a meeting of the Senate Banking Committee, Warren recalled the widespread pump&dump schemes in the field of digital assets, mentioning Dogecoin.

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