Select Page

Crypto Enters US Politics As GOP Campaign Arm NRCC Confirms Accepting Crypto Donations

Crypto Enters US Politics As GOP Campaign Arm NRCC Confirms Accepting Crypto Donations
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Digital currencies are set to become a prominent player in United States politics as the Republican arm of the House is set to begin accepting donations in crypto. According to a report by Axios, The National Republican Congressional Committee will be the first National party committee to accept donations using cryptocurrencies. 

Per the report, the donations will be handled by the partner payment processor, Bitpay, and will be converted directly to the US Dollar, giving the NRCC no room to HODL crypto directly. This will shield the accepted donations from any negative volatilities inherent in these emerging asset classes.

Is this Move Political or a Deep Trust in Crypto Technology?

The move to accept cryptocurrencies brandishes a slight intersection between politics and an embrace of technology. While the NRCC pointed out that the tech will further help in advancing its agenda, the role of cryptocurrencies may have a far-reaching implication in the broader scheme of things.

“We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority, and this innovative technology will help provide Republicans the resources we need to succeed,” Rep. Tom Emmer (R-Minn.), the NRCC chairman, said in a statement.

The broader influence of this show of love can imply a more engrafted backing for more favorable regulations from the Republican legislators in the near future. The twist from the harsh criticism of cryptocurrencies especially in relation to their energy consumption, to this wide embrace, could win the hearts of many crypto investors and enthusiasts. This helps in projecting this decision as more political than an embrace of digital assets.

Crypto Donations is Overly Inherent in US Electioneering Campaigns

While the NRCC is the first national party to solicit donations in crypto, historically, other individual election contenders have often lent support to crypto as part of donation options. While the American election candidates are many, the campaign office of Rep. Eric Michael Swalwell Jr, a U.S. 2020 presidential candidate announced the acceptance of crypto donations per an earlier Coingape report.

Also, Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc set up a Political Action Committee (PAC) with plans to raise money and spend it on US elections back in 2018. While under the US federal law, corporations cannot donate straight to candidates in federal elections, except through PACs, the Coinbase approach was to register its interest in governance and the eventual impact on the space the company represents as it relates to regulations.

The post Crypto Enters US Politics As GOP Campaign Arm NRCC Confirms Accepting Crypto Donations appeared first on Coingape.


Source: Coingape


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber

Recent Comments