As a seasoned financial analyst with a background in both traditional finance and cryptocurrencies, I find this recent development quite intriguing. The intersection of politics and crypto is nothing new, but the emergence of a dedicated crypto donations platform like Support Crypto on the Base Network adds an interesting layer to the ongoing narrative.
As a researcher studying the cryptocurrency landscape, I’d like to share an exciting development: Ethereum layer 2 solution Base is set to fuel a novel crypto donations platform. With the U.S. Presidential elections around the corner, this initiative comes at an opportune moment. The company advocates for crowdfunding via crypto assets, aiming to enhance industry regulations in Washington. This year, crypto executives have been actively lobbying for pro-crypto legislations in Congress before the elections.
Base Backs Crypto Fundraising Platform
As a seasoned political campaign strategist with extensive experience in fundraising, I strongly believe that embracing cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) for political donations could revolutionize the way we finance elections. This innovative approach, led by Engage Raise on the Base Network, enables US politicians and candidates to tap into a new pool of potential donors, offering them the convenience and privacy that cryptocurrencies provide.
As someone who has closely followed the evolution of digital currencies and blockchain technology over the past decade, I firmly believe that the upcoming elections in Washington D.C. will shape the future of this industry. With an increasing number of parties expressing support for cryptocurrencies and blockchain, it’s crucial for us as a community to get involved and make our voices heard.
The platform intends to empower activists and initiatives at the forefront by providing them with advanced tools. Approximately 13 US politicians have joined this platform, among whom is Cynthia Lummis, a pro-crypto candidate. Jesse Pollak, a Base builder, announced on X (previously Twitter), that politicians can now receive donations directly on the blockchain, resulting in reduced transaction fees compared to those of credit cards.
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Digital Asset Execs Point to Regulations
Supporters of cryptocurrency have advocated for regulatory policies that foster advancements, investment, and accessibility in the industry. In the lead-up to the US elections, there has been a push for more defined regulations. The Digital Chamber recently sent a missive to Kamala Harris urging her to adopt a pro-cryptocurrency stance, differentiating herself from Biden’s perspective as the political race intensifies.
Several crypto and tech industry leaders have advocated for clarified regulations from the US government following Biden’s administration’s ongoing crackdown on crypto businesses, which some view as hostile to the market. The Securities and Exchange Commission (SEC) has been at the forefront of this regulatory assault.
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2024-07-23 15:13