News

Breaking News: Vivek Ramaswamy Paves The Way For Bitcoin In US Politics!

Key Points:

  • Vivek Ramaswamy, the second US Presidential candidate to officially accept Bitcoin donations for the 2024 elections.
  • Eligible US citizens can donate up to $6,600. Donors will receive a non-fungible token (NFT) as a reward.
  • In February, lawmakers in Kansas introduced a bill proposing a cap of $100 for crypto political donations, subject to certain conditions.
Vivek Ramaswamy recently made headlines when he became the second Presidential candidate in the United States to accept Bitcoin donations for the upcoming 2024 elections.

In a public statement, he urged supporters to donate just $1 towards his campaign, indicating that he was accepting Bitcoin donations. Ramaswamy’s revelation came just two days after Robert F. Kennedy Jr. became the first presidential candidate in United States history to accept campaign donations in Bitcoin.

Ramaswamy’s decision to accept Bitcoin donations is significant, as it reflects a growing interest in cryptocurrency and a desire to make the 2024 election a referendum on fiat currency. During his announcement, Ramaswamy even flashed a QR code while on stage, which when scanned, would redirect users to a payment gateway that offers various payment options for donations, including BTC and Satoshi (sats) — the smallest denomination of Bitcoin.

It’s worth noting that eligible U.S. citizens and permanent residents can donate up to $6,600 for the campaign, which is not deductible as charitable contributions for federal income tax purposes. In addition, donors will be awarded with a non-fungible token (NFT) as the donation page mentions, “After donating, come back to claim your NFT.” This is a unique way to reward supporters and create a sense of community around the campaign.

Interestingly, lawmakers in the Kansas House of Representatives recently introduced a bill proposing a cap of $100 when it comes to crypto political donations. If this bill were to pass, any donations under $100 would need to be immediately converted to U.S. dollars, not used for expenditures, and not held onto by the receiver.

Ramaswamy’s decision to accept Bitcoin donations is a bold move that reflects a changing political landscape. It will be interesting to see how other candidates respond to this move and whether it will have any impact on the outcome of the 2024 election.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

17 minutes ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

19 minutes ago

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

47 minutes ago

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

4 hours ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

7 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

9 hours ago

This website uses cookies.