Donald Trump

United

Base

Read

<ul>
 <li>13 US politicians; among them Rep. Tom Emmer and Sen. Cynthia Lummis have agreed to accept crypto donations.</li>
 <li>Paid features are available for over 240 cryptocurrencies and credit cards.</li>
 <li>Donald Trump’s campaign for the presidency was reported to have been aided by $3 million in cryptocurrencies.</li>
</ul>
A new on-chain donations platform on the Coinbase-incubated Base network now enables U.S. politicians to accept cryptocurrency donations. This platform <a href="https://www.supportcrypto.org/" target="_blank" rel="noopener noreferrer nofollow">supports</a> contributions through over 240 cryptocurrencies, including Bitcoin and Ethereum, as well as credit card payments, offering a modernised approach to political fundraising.
A Secure and Compliant Solution
According to testimonials on the platform’s official website, users believe that using cryptocurrencies to make donations allows them to support their desired causes. However, all transactions comply with the laws of the United States of America.
The purpose of doing so is to convince the company of a favourable opinion towards privacy, stressing that the amount of collected information is the least possible from a legal point of view.
Early Adoption by Politicians
Currently, 13 U.S. politicians have signed up to receive crypto donations through this platform. In the list of such congress persons some outstanding leaders support blockchain, for example, Rep. Tom Emmer and Sen. Cynthia Lummis.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f49c.png" alt="💜" class="wp-smiley" style="height: 1em; max-height: 1em;">Attention <a href="https://twitter.com/search?q=%24TLOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TLOS</a> fam! We’ve launched a <a href="https://twitter.com/hashtag/cryptodonation?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#cryptodonation</a> tool that makes it simple to accept <a href="https://twitter.com/search?q=%24TLOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TLOS</a> donations. Start enhancing your fundraising efforts today! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/HelloTelos?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@HelloTelos</a> <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> <a href="https://twitter.com/hashtag/cryptopayments?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#cryptopayments</a> <a href="https://twitter.com/hashtag/TLOS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TLOS</a> Check it out: <a href="https://t.co/Ecs0YiYisQ" rel="noopener noreferrer nofollow">https://t.co/Ecs0YiYisQ</a>— NOWPayments (@NOWPayments_io) <a href="https://twitter.com/NOWPayments_io/status/1815740030637232398?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
The platform also has the “signup as a campaign” option which makes the addition of more political campaigns easier to integrate enhancing the non-partisan method of using cryptocurrencies for funding political campaigns.
Growing Acceptance of Cryptocurrency Donations
On the other side, former president of the United States of America, Donald Trump who is now the Republican candidate for the coming November presidential election unveiled a campaign council in May and commenced accepting <a href="https://cryptonewsland.com/bitcoin-and-doge-fuel-presidential-showdown-between-trump-and-biden-and-crypto-donations-make-massive-difference/" target="_blank" rel="noopener noreferrer nofollow">donations in crypto</a>. According to his campaign team, he fundraised $3m, and more than half was in Bitcoins.
The implementation of cryptocurrencies in support of Political campaigns is a revolutionary and fundamental shift in the paradigm of Political financing. It succeeds in creating a new generation of donor population that is willing and ready to fund new Schools securely.
This development suggests the increasing frequency of utilisation of cryptocurrencies in various activities and their relevance to various fields including politics. As politicians and their offices become more astute in the use of resources, the managerial use of digital assets within political financing is yet to ascend to the next level of political contributions.
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ethereum-is-owned-by-this-wall-street-giant-politician/" rel="noopener noreferrer nofollow">Ethereum Is Owned by This Wall Street Giant: Politician</a></li>
 <li><a href="https://cryptonewsland.com/us-politicians-urge-biden-to-help-detained-binance-executive-in-nigeria/" rel="noopener noreferrer nofollow">US Politicians Urge Biden to Help Detained Binance Executive in Nigeria</a></li>
 <li><a href="https://cryptonewsland.com/crypto-community-intend-to-hold-us-presidential-candidates-to-their-promises/" rel="noopener noreferrer nofollow">Crypto Community Intend to Hold US Presidential Candidates to Their Promises</a></li>
 <li><a href="https://cryptonewsland.com/injustice-strikes-again-as-sbf-escapes-another-criminal-act/" rel="noopener noreferrer nofollow">Injustice Strikes Again as SBF Escapes Another Criminal Act</a></li>
 <li><a href="https://cryptonewsland.com/tyler-winklevoss-fuels-senate-campaign-with-major-crypto-donation/" rel="noopener noreferrer nofollow">Tyler Winklevoss Fuels Senate Campaign with Major Crypto Donation</a></li>
</ul>
The post <a href="https://cryptonewsland.com/crypto-donations-for-us-politicians-now-possible-on-base-network/" rel="noopener noreferrer nofollow">Crypto Donations for US Politicians Now Possible on Base Network</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Crypto Donations for US Politicians Now Possible on Base Network

Crypto News Land

Andre artikler publisert på 23. juli 2024

5 Crypto Games That Will Make You Want to Tap Your Phone All Day

Bitcoin Drops Below $67K as Mt. Gox Moves $3.2B BTC

How Biden Dropping Out Benefits the Crypto Industry

Marathon Digital Faces $138 Million Fine for Contract Breach

MoonBag Presale and The Sandbox Navigate Market Dynamics

Cat In A Dogs World Price Prediction: MEW Pumps 4% As This DOGE 2.0 Rival Hurtles Past $5.8 Milli...

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!