US Presidency Candidate Is Accepting Cryptocurrency Donations

As per the announcement of The White Company, Eric Swalwell is accepting donations in virtual currencies to support his bid for the U.S. presidency in 2020.

It is to be noted that the above development was first announced on Thursday by blockchain firm The White Company. The firm is providing technical support for the cryptocurrency donations. Interestingly, Swalwell will accept 6 supported digital assets. These include bitcoin, stellar, bitcoin SV, ether, and bitcoin cash.

Swalwell said, speaking generally about the technology, that blockchain can transform the world if we let it. He added that the majority of our public life now exists online, and there’s no reason to believe we can’t extend this further into the economy and democracy. As per him, this ranges from exercising one’s right to vote, to how one look at cryptocurrency.

It is to be noted that Swalwell is a Democratic elected to represent California’s fifteenth Congressional district in 2012. Additionally, he also serves on the House Judiciary Committee and the House Permanent Select Committee on Intelligence.

Interestingly, the representative is before now involved in affairs around digital assets and cryptocurrency. He recently signed a letter to the Internal Revenue Service on the lookout for more lucidity on cryptocurrency and digital asset tax rules.

Furthermore, the White Company suggested that the representative’s campaign donations can be made much more rapid than those for Yang. This is because contributors don’t require to make a thirty-minute compliance call, and can further donate a broader range of digital assets and cryptocurrencies.

A look at the representative’s cryptocurrency donations page suggests that to send a donation, supporters need only provide name, address, and phone number. They also need to specify their occupation and employer, before they are able to make the transaction.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin10,835.56 0.52 % 1.44 % 17.90 %
Ethereum307.18 0.00 % 1.03 % 13.33 %
XRP0.461 0.10 % 3.08 % 6.88 %
Litecoin135.82 0.14 % 3.34 % 0.05 %
Bitcoin Cash472.34 0.04 % 2.62 % 9.43 %