Photo: (Photo by Martin BUREAU / AFP) (Photo by MARTIN BUREAU / AFP via Getty Images). / Getty Images
The National Republican Congress Committee (NRCC), began to do your fundraising for your election work of candidates for the United States House of Representatives, have announced that they will accept donations in cryptocurrencies. Thus becoming the first committee of a party requesting cryptocurrencies for its funds.
However, previously, some federal candidates have already accepted cryptocurrencies as donations. But with the Republican party It should be noted that cryptocurrencies will be converted into dollars before entering the NRCC account, which makes the committee never actually in possession of digital assets.
For its part, the Federal Elections Commission have indicated that they are concerned about the transparent way in which these donations are handled, it should be noted that there is no relationship clear between cryptocurrency donations and federal transparency and disclosure rules. Therefore, it will be necessary to collect identifying information from all people who make donations with digital currencies.
It is a bit what happens with donations in cash that do not they are approved by Congress because they are difficult to follow in a financial system. It does not happen with donations in checks and credit cards.
For the political sphere there are regulations that limit individual donations of cryptocurrencies to $ 100 per year, instead in dollars the regulations allow donations of up to $ 100, 000 dollars per year . For this reason, perhaps the conservatives will change their cryptocurrencies so that they are deposited in dollars.
These donations will be processed through Bitpay, a platform that facilitates payments in digital money and is recognized for working in this area with the Kessler Collection hotel chain, the WeWork office platform and with Newegg. Skateboarder Tony Hawk Foundation also accepts cryptographic payments with BItbay.
himself The Chairman of the Republican National Congress Committee, Tom Emmer, is also the second in command of the Congressional Blockchain Caucus , which is aimed at promoting the advancement of public policies in relation to blockchain technologies and digital currencies.
For Emmer, the measure helps Republicans stop the agenda of Democratic leader Nancy Pelosi: We are focused on seeking all possible avenues to continue our mission to stop Nancy Pelosi’s socialist agenda Mission a majority in the House, and this innovative technology will help provide Republicans with the resources we need to be successful. ”
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