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US Presidential Candidates Embrace Bitcoin for Donations
Embracing the principles of democracy and freedom, Robert Francis Kennedy Jr., the nephew of the 35th US President, has begun accepting campaign donations in bitcoin. Making the announcement at the Bitcoin 2023 conference, Kennedy referred to the cryptocurrency as a powerful symbol. To facilitate these contributions, the candidate has opted for the Lightning Network micropayment network, providing a convenient and efficient way for supporters to donate.
Joining the growing trend, another contender in the presidential race, Vivek Ramaswami, has declared his acceptance of cryptocurrency donations. Ramaswami went further and expressed his desire to make the 2024 election a referendum on fiat currency. During his announcement, he displayed a QR code on stage, which, when scanned, directed potential donors to a website offering various payment methods, including Bitcoin and Satoshi. The candidate has chosen to utilize the services of BitPay for processing these donations.
With a maximum limit of $6,600, voters now have the opportunity to contribute crypto donations to both Kennedy and Ramaswami. Robert Kennedy has been a vocal supporter of digital assets, asserting that they serve as an alternative to the traditional financial system. He has also expressed concerns about the monetary policies of the US Federal Reserve and its connection to financial institutions. Notably, Kennedy criticized the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in May, blaming their regulatory actions for a banking crisis caused by their “war on cryptocurrencies.”