Vivek Ramaswamy turns into the second 2024 presidential candidate in the US to formally settle for Bitcoin (BTC) donations for his marketing campaign.
“Give $1,” stated Ramaswamy whereas asserting that he accepts Bitcoin donations. The revelation got here simply two days after Robert F. Kennedy Jr. turned the first presidential candidate in United States history to just accept marketing campaign donations in Bitcoin. Talking on stage at Bitcoin 2023 in Miami, Florida, Ramaswamy said, “Let’s make the 2024 election a referendum on fiat foreign money.”
As proven above, Ramaswamy flashed a QR code whereas on stage, which, when scanned, would redirect customers to a cost gateway that gives numerous cost choices for donations, together with BTC and satoshis — the smallest denomination of Bitcoin.
Ramaswamy opted for BitPay’s cost service to obtain Bitcoin donations. Nonetheless, BitPay helps different cryptocurrencies, together with Bitcoin Money (BCH), Ether (ETH), ApeCoin (APE), Litecoin (LTC), Dogecoin (DOGE) and Shiba Inu (SHIB), amongst others.
Simply introduced we’re formally accepting #Bitcoin donations.
Give $1.
Let’s make the 2024 election a referendum on fiat foreign money. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz— Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023
Eligible U.S. residents and everlasting residents can donate as much as $6,600 for the marketing campaign, which isn’t deductible as charitable contributions for federal earnings tax functions. Donors will likely be awarded a nonfungible token (NFT), with the donation web page stating, “After donating, come again to assert your NFT.”
Associated: FTX seeks to claw back political donations by the end of February
In February, lawmakers within the Kansas Home of Representatives launched a invoice proposing a cap of $100 relating to crypto political donations.
For donations underneath $100, the receiver would wish to “instantly convert” the crypto to U.S. {dollars}, not use the crypto for expenditures, and never hodl the funds.