Consultant Mike Collins, a United States congressman for the state of Georgia, introduced that his congressional marketing campaign is now accepting cryptocurrency donations as of March 5.
Donations could be made in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), USDt (USDT) and others. Collins launched an announcement alongside the announcement:
“America has been held again by our reluctance to adapt to rising expertise, whether or not that be AI, machine studying, or different belongings like crypto. I hope that by introducing this platform, I can destigmatize the crypto business.”
The lawmaker beforehand disclosed $65,000 in ETH purchases throughout 2024 and several altcoin acquisitions, together with as much as $15,000 in Velodrome (VELO), as much as $15,000 in The Graph (GRT), and as much as $115,000 in Aerodrome Finance (AERO).
Extra lately, Collins disclosed a purchase of Ski Mask Dog (SKI), a memecoin launched in 2024. The disclosures mark a seismic shift within the political notion of digital belongings as lawmakers and political candidates more and more settle for marketing campaign contributions denominated in crypto.
Rep. Collins addressing Congress in 2024. Supply: Rep. Mike Collins
Associated: Crypto giving exceeded $1B in 2024 — Report
United States presidential candidates settle for crypto political donations
Robert F. Kennedy Jr grew to become the first US presidential candidate to accept BTC for marketing campaign donations in Might 2023.
Talking on the Bitcoin 2023 convention in Miami, Florida, the previous impartial candidate known as BTC an asset that promotes freedom, particular person liberty and democracy.
Former Republican presidential hopeful Vivek Ramaswamy followed suit days after Kennedy and likewise introduced that his marketing campaign would settle for political marketing campaign contributions in BTC.
“Let’s make the 2024 election a referendum on fiat foreign money,” the previous candidate advised the viewers at Bitcoin 2023.
Through the 2024 US elections, now President Donald Trump introduced his campaign would accept cryptocurrencies, together with BTC, ETH, DOGE, SOL, USDC (USDC), Shiba Inu (SHIB), and XRP (XRP).
Trump promised to end the war on crypto, and following his reelection in November 2024, the US authorities dramatically shifted its posture towards cryptocurrencies.
This regulatory pivot included the Securities and Alternate Fee ending a number of high-profile lawsuits in opposition to business companies and opening dialogue with industry executives.
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