Could Bitcoin Transform America's Political Fundraising?
At a New Year's Eve event in the NYC Bitcoin Center, congressional candidate Steve Stockman went all out for bitcoin. A Republican representative in the Texas 36th District, Stockman wore a QR code associated with a bitcoin address, encouraging BTC donations for his Senate campaign. Stockman needs the money. According to USA Today, his campaign lacks the financial resource of his incumbent opponent, Senator John Cornyn, whom he will face in a district Republican primary battle. USA Today also reported that Cornyn's campaign account contains $7m, while Stockman has $32,000. It's no wonder....
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The new Engage Raise platform will enable federal political candidates to raise campaign funds through bitcoin and other cryptocurrencies starting in July.
Politics in today’s world no longer has anything political about it, and how Bitcoin revives The Political.
Last November, the Federal Elections Commission (FEC) voted 3-3 over a proposal allowing political campaigns to accept bitcoin donations. While, in effect, the FEC didn't say no to bitcoin, it also left some important questions unanswered. The proposal was brought to the FEC by lawyers of the Conservative Action Fund (CAF), which, as a political action committee, wanted to pressure the FEC into looking at the merits of bitcoin as a tool for fundraising. During the hearing, FEC commissioners did come to some conclusions regarding bitcoin's role in political contributions, summarized in an....
Trading volume on peer-to-peer exchanges broke another all-time high in most of South America, Russia, and even in the U.S. South America Following Venezuela. According to recent stats, Bitcoin continues to gain popularity presenting itself as a way out from accentuated inflation, demonetization policies and general economic and political uncertainty in troubled countries. Besides Russia (as usual), LocalBitcoins has registered another record week across South America. Countries including Chile, Venezuela, Colombia, and Brazil are all seeing record high trading volumes in their respective....
GoFundMe axed the “Freedom Convoy Campaign” after some protesters became violent, so organizers turned to the Bitcoin fundraising platform Tallycoin instead. Truckers protesting the COVID-19 vaccine mandate in Canada have turned to Bitcoin-based crowdfunding platform Tallycoin, following a barrage of mounting political pressure from all sides that culminated in GoFundMe axing their “Freedom Convoy Campaign.”GoFundMe pulled the campaign and $9 million in donations with it on Feb. 4 in response to reports of violence, which it claimed broke its terms of service. Initially, donors needed to....