US Elections: Vivek Ramaswamy accepts donations in Bitcoin, says ‘a referendum on fiat currency’
In another move to showcase his support for cryptocurrencies, Republican Presidential candidate Vivek Ramaswamy became the second candidate in US Presidential elections in 2024 to accept donations through Bitcoin. Vivek Ramaswamy made the announcement during the Bitcoin 2023 conference in Miami and also urged his supporters to “make the 2024 election a referendum on fiat currency.”
In another move to showcase his support for cryptocurrencies, Republican Presidential candidate Vivek Ramaswamy became the second candidate in US Presidential elections in 2024 to accept donations through Bitcoin. Vivek Ramaswamy made the announcement during the Bitcoin 2023 conference in Miami and also urged his supporters to “make the 2024 election a referendum on fiat currency.”
Vivek Ramaswamy is the second candidate to allow donations through Bitcoin and before him, Robert F. Kennedy Jr. also made a similar move that reflects the influence of Bitcoin-like cryptocurrencies and the transformation the future of finance is going to witness.
Vivek Ramaswamy is the second candidate to allow donations through Bitcoin and before him, Robert F. Kennedy Jr. also made a similar move that reflects the influence of Bitcoin-like cryptocurrencies and the transformation the future of finance is going to witness.
Vivek Ramaswamy displayed a QR code during his speech, which links his supporters with a payment gateway with various donation options including Bitcoin and satoshis. The citizens and permanent residents of the US, who are eligible to vote can donate up to $6,600 to Vivek Ramaswamy’s campaign and as a token of appreciation can receive a nonfungible token (NFT).
Vivek Ramaswamy displayed a QR code during his speech, which links his supporters with a payment gateway with various donation options including Bitcoin and satoshis. The citizens and permanent residents of the US, who are eligible to vote can donate up to $6,600 to Vivek Ramaswamy’s campaign and as a token of appreciation can receive a nonfungible token (NFT).
He clarified that he does not plan to issue any NFT for personal profits or campaign fundraising and is just giving an option to US voters to make their donation in the form of Bitcoin. Vivek Ramaswamy emphasized that he is not threatened by the rise of digital currencies.
He clarified that he does not plan to issue any NFT for personal profits or campaign fundraising and is just giving an option to US voters to make their donation in the form of Bitcoin. Vivek Ramaswamy emphasized that he is not threatened by the rise of digital currencies.
Freedom to mine Bitcoin
Vivek Ramaswamy stressed the freedom to mine Bitcoin in the US as the country recently surpassed China to become the global hub for mining activities. But, US President Joe Biden proposed a 30% tax on electricity used by cryptocurrency mining operations. Vivek Ramaswamy has opposed this tax calling it wrong, unfair, and an inappropriate exercise of federal power.
Freedom to mine Bitcoin
Vivek Ramaswamy stressed the freedom to mine Bitcoin in the US as the country recently surpassed China to become the global hub for mining activities. But, US President Joe Biden proposed a 30% tax on electricity used by cryptocurrency mining operations. Vivek Ramaswamy has opposed this tax calling it wrong, unfair, and an inappropriate exercise of federal power.
At the Bitcoin Conference 2023, Vivek Ramaswamy plans to unveil his Bitcoin policy which allows Bitcoin and other cryptocurrencies to function as parallel currencies. He believes that this can stabilize the dollar as the unit of measurement and the Federal Reserve mandate to focus on currency stabilization can be restricted.
At the Bitcoin Conference 2023, Vivek Ramaswamy plans to unveil his Bitcoin policy which allows Bitcoin and other cryptocurrencies to function as parallel currencies. He believes that this can stabilize the dollar as the unit of measurement and the Federal Reserve mandate to focus on currency stabilization can be restricted.
With two candidates backing cryptocurrencies‘, the US Presidential Elections in 2024 will decide a lot of things for Bitcoin-like digital currencies. Currently, the governments of the world are still mulling over how much breathing space they should allow to a parallel currency and the massive dives in the value of Bitcoin-led cryptocurrencies also underlines its volatility.
With two candidates backing cryptocurrencies‘, the US Presidential Elections in 2024 will decide a lot of things for Bitcoin-like digital currencies. Currently, the governments of the world are still mulling over how much breathing space they should allow to a parallel currency and the massive dives in the value of Bitcoin-led cryptocurrencies also underlines its volatility.
