Rep. Mike Collins now accepting crypto donations for campaign

Representative Mike Collins, a United States congressman for the authorities of Georgia, announced that his legislature run is present accepting cryptocurrency donations arsenic of March 5.

Donations tin beryllium made successful Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), USDt (USDT) and others. Collins released a connection alongside the announcement:

“America has been held backmost by our reluctance to accommodate to emerging technology, whether that beryllium AI, instrumentality learning, oregon alternate assets similar crypto. I anticipation that by introducing this platform, I tin destigmatize the crypto industry.”

The lawmaker antecedently disclosed $65,000 successful ETH purchases during 2024 and several altcoin acquisitions, including up to $15,000 successful Velodrome (VELO), up to $15,000 successful The Graph (GRT), and up to $115,000 successful Aerodrome Finance (AERO).

More recently, Collins disclosed a acquisition of Ski Mask Dog (SKI), a memecoin launched successful 2024. The disclosures people a seismic displacement successful the governmental cognition of integer assets arsenic lawmakers and governmental candidates progressively judge run contributions denominated successful crypto.

Rep. Collins addressing Congress successful 2024. Source: Rep. Mike Collins

Related: Crypto giving exceeded $1B successful 2024 — Report

United States statesmanlike candidates judge crypto governmental donations

Robert F. Kennedy Jr became the first US statesmanlike campaigner to judge BTC for run donations successful May 2023.

Speaking astatine the Bitcoin 2023 league successful Miami, Florida, the erstwhile autarkic campaigner called BTC an plus that promotes freedom, idiosyncratic liberty and democracy.

Former Republican statesmanlike hopeful Vivek Ramaswamy followed suit days aft Kennedy and besides announced that his run would judge governmental run contributions successful BTC.

“Let’s marque the 2024 predetermination a referendum connected fiat currency,” the erstwhile campaigner told the assemblage astatine Bitcoin 2023.

During the 2024 US elections, present President Donald Trump announced his campaign would judge cryptocurrencies, including BTC, ETH, DOGE, SOL, USDC (USDC), Shiba Inu (SHIB), and XRP (XRP).

Trump promised to extremity the warfare connected crypto, and pursuing his reelection successful November 2024, the US authorities dramatically shifted its posture toward cryptocurrencies.

This regulatory pivot included the Securities and Exchange Commission ending respective high-profile lawsuits against manufacture firms and opening dialog with manufacture executives.

Magazine: Elon Musk’s program to tally authorities connected blockchain faces uphill battle