US Presidential candidate Vivek Ramaswamy to accept Bitcoin for campaign donations
” Give $1,” stated Ramaswamy while announcing that he was accepting Bitcoin donations.” US Presidential prospect Vivek Ramaswamy announcing accepting Bitcoin contributions. Source: FacebookAs revealed above, Ramaswamy flashed a QR code while on phase, which when scanned, would reroute users to a payment entrance that uses various payment options for contributions, including BTC and Satoshi (sats)– the tiniest denomination of Bitcoin.Payment choices for Ramaswamys donations showing BTC and sats.
Eligible U.S. citizens and long-term residents can contribute approximately $6,600 for the campaign, which is not deductible as charitable contributions for federal income tax purposes. Donors will be granted with a nonfungible token (NFT) as the contribution page mentions “After donating, return to declare your NFT.” Related: FTX looks for to claw back political contributions by the end of FebruaryIn February, lawmakers in the Kansas House of Representatives presented an expense proposing a cap of $100 when it concerns crypto political donations.For contributions under $100, the receiver would need to “right away transform” the crypto to U.S. dollars, not utilize the crypto for expenditures, and not HODL the funds.Magazine: Hyperbitcoinization is underway, RFK looks for Bitcoin contributions and other news: Hodlers Digest, May 14-20