Republican Party Accepts Donations in Cryptocurrencies – Money Times

Cryptocurrency donations are an alternative for political parties to raise money from their supporters and voters to enhance their initiatives (Image: Pixabay / External Click)

Oh National Republican Congress Committee (NRCC), the Republican campaign committee, accepts donations cryptocurrencies.

This Wednesday (16), the Axios The news broke that NRCC has partnered with the crypto payment processor பிட்பே For initiative. Thus, cryptocurrency donations will be converted into US Dollars by Bitcoin before being deposited in the NRCC account.

The NRCC became the first national party group to accept donations in crypto Many federal political candidates In the past cryptocurrencies have solicited donations.

“We are focused on taking all possible ways to disrupt our work Socialist agenda From Nancy Pelosi Take back the majority of the House, and this innovative technology will help Republicans provide the resources we need to succeed, ”he said. Tom Emmer, U.S. Vice Crypto friendly And President of the NRCC, to Axios.

Emerum is co-chair Blockchain Caucasus of Congress And membership Financial Services Committee American Chamber.

Recently he Re-introduced Your Separated Assets Tolerance Term Act, Which will prevent Internal Revenue Service (IRS) Penalize detached assets until further guidelines are issued to taxpayers.

Earlier this month, Emmer too Asked the IRS To ease the rules regarding crypto donations to charities.

U.S. Vice President Tom Emmer
Says: “Bitcoin will not go”