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Vivek Ramaswamy becomes the second Presidential candidate in the United States to officially accept Bitcoin (
$0.00 ) (BTC) donations for the upcoming 2024 elections.
“Give $1,” said Ramaswamy while announcing that he was accepting Bitcoin ( $0.00 ) 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 ( $0.00 ) . Ramaswamy stated, “Let’s make the 2024 election a referendum on fiat currency.”
US Presidential candidate Vivek Ramaswamy announcing accepting Bitcoin ( $0.00 ) donations. Source: Facebook
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 ( $0.00 ) .
Payment options for Ramaswamy’s donations showing BTC and sats. Source: support.vivek2024.com
Ramaswamy opted for BitPay’s payment service for receiving Bitcoin ( $0.00 ) donations. However, BitPay supports other cryptocurrencies including Bitcoin ( $0.00 ) Cash (BCH), Ether (ETH), ApeCoin (APE), Litecoin (
$56.69 ) (LTC), Dogecoin (
$0.000 ) (DOGE) and Shiba Inu (SHIB) among others.
Just announced we’re officially accepting # Bitcoin ( $0.00 ) 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.”
Related: FTX seeks to claw back political donations by the end of February
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.
Magazine: Hyperbitcoinization is underway, RFK seeks Bitcoin ( $0.00 ) donations and other news: Hodler’s Digest, May 14-20
