Political Action Committee Calls For Support of "Bitcoin Candidates"
The 1911 United Political Action Committee (better known as a super PAC) is calling for support of what they're aptly naming "bitcoin candidates". The call for action, posted on the super PAC's website says that they "want to offer everyday people the opportunity to unite and influence the political landscape in a way that allows Bitcoin to be seen for what it is - currency freedom." "Bitcoin provides a unique opportunity for everyday people to participate in a movement that could change the world," they say. "The virtual currency is not just a new way to send and receive money - it is a....
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The trade group includes many of the industry’s biggest names among its members; director Kristin Smith calls them “a great group to help steer the success of this enterprise.” United States-based trade group Blockchain Association announced Monday that it had formed a political action committee, to be called BA PAC, thus joining an industry trend to attempt to exert greater influence on candidates as they approach the midterm elections in November.The Blockchain Association, founded in 2019, has 90 members, according to its website, which include many of the leading names in the industry.....
The exchange registered its first PAC in July 2018 but closed it the following year after reporting it had received no funds or made any disbursements. Crypto exchange Coinbase has filed for a political action committee reportedly to support "crypto-forward lawmakers" ahead of the 2022 midterm elections in the United States.According to a Feb. 7 filing with the Federal Election Commission, Coinbase’s chief financial officer Alesia Haas and head of U.S. policy Kara Calvert registered the Coinbase Innovation PAC. The lobbyist/registrant political action committee will likely be required to....
It was recently a headline that Political Action Committees had been raising funds before any candidates had announced their candidacy. It seems obvious that these groups have agendas that they're going to push, without regard for who is running for office. Whichever candidate they can bend the most to their will, that is the candidate they're going to support the most. That much should be obvious whenever examining the contributions to any political campaign. Even the very populist candidates like Bernie Sanders, rest assured, they have large interests such as unions behind them. In an....
How do you get lawmakers to understand the concept of bitcoin and digital currency in the most effective way possible? It's a question that's been answered by BitPay (a bitcoin digital payments processor) and CoinVox (a bitcoin services firm for political organizations). The two companies have teamed together to offer an "all-in-one" solution for political candidates, political action committees and political organizations to easily accept bitcoin donations. The integration will effectively allow political groups to securely accept contributions/donations while remaining compliant with....
This article has been updated with comment from Perianne Boring. The Chamber of Digital Commerce (CDC) has revealed that it intends to form a political action committee (PAC) to help further the interests of the bitcoin industry in Washington, DC. The government affairs office, led by bitcoin advocate Perianne Boring, first filed with the Federal Election Commission (FEC) this month to create its committee. The PAC, as reported by The Hill, will enable the CDC to provide campaign donations to political candidates that support digital currency. Boring commented that the group is at the....