Why Political Candidates Are Embracing Crypto Donations This Election Year
Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.
Numerous political candidates are embracing cryptocurrency donations to bolster their campaigns.
Donald Trump became the first presidential nominee to accept crypto donations, launching a dedicated fundraising platform in May of this year that enables contributions via Coinbase Commerce.
Donald Trump says he positive and open minded to #cryptocurrency. His campaign accepts crypto donations. And I think both he and his wife have launched NFTs. pic.twitter.com/GL8c6kii8W
Future Forward, a Democratic Party-aligned super PAC based in Palo Alto, California, also welcomes crypto donations through Coinbase Commerce, as confirmed by a Coinbase spokesperson.
Republican Senate candidate John Deaton, challenging incumbent Elizabeth Warren, has also voiced his acceptance of crypto donations.
Claire Hardwick, Deaton’s Communications Director, told Cryponews that “the Deaton campaign welcomes support from the cryptocurrency community.”
Additionally, U.S. Senator Ted Cruz stated in a recent interview on the Web3 Deep Dive podcast that his campaign accepts Bitcoin (BTC) donations.
As the 2024 United States Presidential Election inches closer, it’s become clear that crypto donations are one of the most popular trends this election year.
While this is revolutionary, it’s important to understand why political crypto donations are now gaining traction.
Dennis Porter, Co-founder and CEO of the Satoshi Action Fund—a non-profit focused on educating policymakers about cryptocurrency—revealed to Cryptonews his history of assisting political candidates in
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