Vivek Ramaswamy, the second presidential contender for the United States in 2024, has stated that he would accept Bitcoin donations. “Give $1,” Ramaswamy said, indicating that he would take Bitcoin donations.
Just two days prior, Robert F. Kennedy Jr. made history by becoming the first candidate for the US presidency to accept Bitcoin as an election donation. “Let’s make the 2024 election a referendum on fiat currency,” Ramaswamy remarked as he took the stage at Bitcoin 2023 in Miami, Florida.
Ramaswamy presented a QR code on stage that, when scanned, directs users to a donation website that accepts a range of payment options, including Bitcoin and its smallest unit of money, the satoshi. Ramaswamy has decided to use BitPay as his service for processing Bitcoin donations.
BitPay accepts a variety of alternative currencies, including Bitcoin Cash, Ether, ApeCoin, Litecoin, Dogecoin, and Shiba Inu.
The campaign will not be able to deduct contributions given by US citizens and permanent residents up to $6,600. A non-fungible token (NFT) will be handed to donors, and the contribution page will display the statement “After donating, come back to claim your NFT.”
In February, the Kansas House of Representatives suggested capping cryptocurrency contributions at $100. The receiver is prohibited from hoarding any cryptocurrencies and is required to “immediately convert” all cryptocurrency contributions under $100 into U.S. dollars.
At the G7 summit, President Biden nonetheless focused on cryptocurrencies to highlight his opposition to a debt solution that would shield affluent tax evaders and cryptocurrency speculators at the expense of one million Americans who depend on government assistance with food.