BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Sponsored
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Sponsored
Home Bitcoin

Vivek Ramaswamy Accepts Bitcoin for 2024 Presidential Campaign Donations

by Dan K
May 21, 2023 - 10:05 am
in Bitcoin
Vivek Ramaswamy on stage with a QR code for Bitcoin donations

Table of Contents

  • Vivek Ramaswamy Accepts Bitcoin for 2024 Presidential Campaign Donations
  • The New Era of Crypto-Politics
  • QR Codes and BitPay
  • Donation Limits and NFT Rewards
  • A Cap on Crypto Donations?

Vivek Ramaswamy Accepts Bitcoin for 2024 Presidential Campaign Donations

In an unexpected move, US Presidential candidate Vivek Ramaswamy has announced that he will accept Bitcoin for campaign donations, becoming the second such candidate to do so for the 2024 elections.

The New Era of Crypto-Politics

Ramaswamy made the groundbreaking revelation just two days after Robert F. Kennedy Jr. made history as the first-ever Presidential candidate to accept Bitcoin campaign donations. Ramaswamy urged potential donors to “give $1,” making a statement that clearly highlighted his commitment to decentralization, “Let’s make the 2024 election a referendum on fiat currency.”

QR Codes and BitPay

To facilitate these donations, Ramaswamy presented a QR code on stage. Scanning this code redirects users to a payment gateway with options to donate via various cryptocurrencies, including Bitcoin and its smallest denomination, Satoshi.

The candidate chose BitPay, a leading payment service provider, to manage his Bitcoin donations. BitPay supports a wide range of cryptocurrencies, including Bitcoin Cash, Ether, ApeCoin, Litecoin, Dogecoin, and Shiba Inu, among others.

Donation Limits and NFT Rewards

Eligible US citizens and permanent residents can contribute up to $6,600 to the campaign. However, these donations aren’t tax-deductible as charitable contributions under federal law. As an added incentive, donors will receive a nonfungible token (NFT), with the donation page stating: “After donating, come back to claim your NFT.”

A Cap on Crypto Donations?

While this innovative method of campaign financing opens new possibilities, it also sparks discussions around regulations. Earlier this year, the Kansas House of Representatives introduced a bill to limit crypto political donations to $100. For donations under this cap, the recipient would need to “immediately convert” the cryptocurrency to US dollars, avoid using the funds for expenditures, and refrain from holding (HODLing) the cryptocurrency.

These developments signify a shift in the political landscape, with crypto-currency becoming an influential player. Whether this change will disrupt or enhance political campaigns and elections is yet to be seen. Regardless, Ramaswamy’s move indicates that Bitcoin, and by extension, cryptocurrency, has found a foothold in the arena of US politics.

Tags: AdoptionBitcoinCryptocurrencyUS
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

A line graph showing a decrease in Bitcoin's exchange reserves, indicating potential market shift.

Bitcoin’s Exchange Reserves Decline Signals Potential Bull Run

May 31, 2023

Bitcoin's exchange reserves have seen a significant decline, prompting speculation of a possible bull run. Is this the...

Author Saifedean Ammous with President Bukele discussing bitcoin strategy

‘The Bitcoin Standard’ Author Dr. Saifedean Ammous Joins El Salvador’s National Bitcoin Office

May 31, 2023

Dr. Saifedean Ammous, author of 'The Bitcoin Standard', joins El Salvador's National Bitcoin Office to bolster the country's...

A line graph showing the drop in Bitcoin's value in Australian dollars on Binance Australia.

Bitcoin’s 21% Discount on Binance Australia as Fiat Services Shut Down

May 30, 2023

The impending suspension of Binance Australia's fiat services sparks a 21% plunge in Bitcoin price, causing traders to...

Arthur Hayes, former BitMEX CEO, predicting Bitcoin's volatility amid economic turmoil.

Debt Ceiling and Banking Crisis to Ignite ‘Powder Keg’ Explosion: Predictions from BitMEX Co-Founder

May 29, 2023

BitMEX co-founder, Arthur Hayes, warns of a 'powder keg' crisis, predicting significant Bitcoin volatility amid banking turmoil and...

Press Releases

pulse x

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse x

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse x

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

pulse x

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here. A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends

May 8, 2023

Join Hong Kong Web3 Festival 2023, the largest-ever digital asset event, co-hosted by Wanxiang Blockchain Labs and HashKey Group.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise