Vivek Ramaswamy becomes the second Presidential candidate in the United States to officially accept Bitcoin (BTC) donations for the upcoming 2024 elections.
“Give $1,” said Ramaswamy while announcing that he was accepting Bitcoin donations. The revelation came just two days after Robert F. Kennedy Jr. became the first presidential candidate in United States history to accept campaign donations in Bitcoin. Ramaswamy stated, “Let’s make the 2024 election a referendum on fiat currency.”
As shown above, Ramaswamy flashed a QR code while on stage, which when scanned, would redirect users to a payment gateway that offers various payment options for donations, including BTC and Satoshi (sats) — the smallest denomination of Bitcoin.
Ramaswamy opted for BitPay’s payment service for receiving Bitcoin donations. However, BitPay supports other cryptocurrencies including Bitcoin Cash (BCH), Ether (ETH), ApeCoin (APE), Litecoin (LTC), Dogecoin (DOGE) and Shiba Inu (SHIB) among others.
Just announced we’re officially accepting #Bitcoin donations.
Give $1.
Let’s make the 2024 election a referendum on fiat currency. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz— Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023
Eligible U.S. citizens and permanent residents can donate up to $6,600 for the campaign, which is not deductible as charitable contributions for federal income tax purposes. Donors will be awarded with a nonfungible token (NFT) as the donation page mentions “After donating, come back to claim your NFT.”
In February, lawmakers in the Kansas House of Representatives introduced a bill proposing a cap of $100 when it comes to crypto political donations.
For donations under $100, the receiver would need to “immediately convert” the crypto to U.S. dollars, not use the crypto for expenditures, and not HODL the funds.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s1
