• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

US Republican National Congress Committee Accepts Cryptocurrency Donations

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

The US National Republican Congressional Committee (NRCC) is allegedly accepting crypto donations through important crypto payment service provider BitPay.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
The son of the president of the European Central Bank "lost 60%" on cryptocurrency investments

The son of the president of the European Central Bank “lost 60%” on cryptocurrency investments

November 24, 2023

US Republican National Congress Committee Accepts Cryptocurrency Donations

According into a report Wednesday by information outlet Axios, NRCC will process crypto donations using the main payment system BitPay, through which donations will be immediately converted to dollars. America.

The money conversion means that the NRCC will have the ability to accept individual donations of up to $10,000 annually — more than the $100 maximum value limitation for real cryptocurrency transfers.

The NRCC said it will collect all identifying info from people who contribute with cryptocurrency.

NRCC President and Minnesota Representative Tom Emmer stated that cryptocurrency adoption is part of the Republican Party’s attempts to pursue “every possible path” to winning elections. “This innovative technology will help provide Republicans with the resources we need to succeed,” he explained.

Emmer has emerged as a prominent proponent of cryptocurrency in Congress. Last year, Emmer began accepting donations for his own campaign through BitPay.

Last month, Emmer reintroduced a bill which aims to stop the Internal Revenue Service from imposing penalties or penalties on crypto taxpayers with branched assets.

How does NRCC manage crypto donations?

NRCC is the Republican Hill committee that works to elect Republicans into the United States House of Representatives. According to Axios, mentioning NRCC, this effort affiliate will process donations using BitPay.

Contributions will be converted to USD before going to NRCC’s account, meaning that the committee won’t really have any cryptocurrency at any particular time.

This, according to the report, lets it take individual contributions of up to $10,000 annually, compared with a maximum value of $100 for real cryptocurrency transfers such as bitcoin (BTC). Thus, “NRCC is not actually taking crypto, but just soliciting the proceeds of their sale.”

This also makes the NRCC the initial U.S. national commission to call for crypto donations, in a move that could test campaign finance rules.

“We are focused on pursuing every possible avenue to further our mission of thwarting Nancy Pelosi’s socialist agenda and regaining a majority in the House, and innovative technology. This will help provide Republicans with the resources we need to succeed,” stated Representative Tom Emmer, President of the NRCC.

Many Cryptoverse residents wondered why affirmed monies weren’t mentioned or why bitcoin wasn’t specifically named — arguing that right-wing politicians could be targeting some loophole and/or solitude coin.

Meanwhile, a few, such as Tim Swanson, head of market intelligence in blockchain builder Clearatology, wrote that”hopefully the rest of the coin world will not become partisan but Maybe it is just wishful thinking.”

Join Facebook Groups and Telegram group of the Coinlive to talk and exchange info regarding the Crypto Currency market with more than 10,000 other individuals.

Important Note: All content on the site is for informational purposes only and isn’t investment advice in any respect. Your cash, the choice is yours.

[ad_2]

Tags: AcceptsCommitteeCongressCryptocurrencyDonationsnationalRepublican
Share76Tweet48

Related Posts

Ethereum Inflows Surge as Bitcoin, XRP See Outflows

by shark
June 2, 2025
0

Ethereum gains $321M in inflows; Bitcoin, XRP face $36M combined outflow in volatile market.

Strategy Acquires 705 Bitcoin for $75.1 Million

by shark
June 2, 2025
0

Strategy acquired 705 Bitcoin for $75.1 million to strengthen its Bitcoin-centric strategy. Michael Saylor leads the charge during volatile market...

OKX Releases 31st Proof of Reserves Report for May

by shark
June 2, 2025
0

OKX's latest Proof of Reserves report shows changes in BTC, ETH, and USDT holdings.

Stablecoin Activity Peaks with 33.1M Active Addresses in May

by shark
June 2, 2025
0

Stablecoin adoption skyrockets with 33.1 million active addresses in May 2025, supported by Artemis data, reflecting a booming crypto market.

CoinShares Reports Strong $286M Inflows into Digital Assets

by shark
June 2, 2025
0

CoinShares reported $286 million in digital asset investment inflows last week, marking a cumulative $10.9 billion over the last seven...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ethereum Inflows Surge as Bitcoin, XRP See Outflows
  • Qubetics Sells 514M Tokens in the Top Crypto Presale Race as Arweave and Stellar Move Slowly
  • Strategy Acquires 705 Bitcoin for $75.1 Million
  • OKX Releases 31st Proof of Reserves Report for May
  • Top New Meme Coins to Buy for 2025: Arctic Pablo, Gigachad, Ponke
  • Stablecoin Activity Peaks with 33.1M Active Addresses in May
  • CoinShares Reports Strong $286M Inflows into Digital Assets
  • Tether Excluded from Juventus Capital Raise
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7