Ramaswamy Joins the Crypto-Campaign Craze
In a bold move, presidential candidate Vivek Ramaswamy has jumped on the cryptocurrency bandwagon, becoming the second contender in the 2024 race to officially accept Bitcoin donations. Just two days after Robert F. Kennedy Jr. made history as the first to do so, Ramaswamy proclaimed, “Give $1,” showcasing his willingness to embrace the digital currency during his speech at Bitcoin 2023 in sunny Miami, Florida.
The Call for a Currency Revolution
With a microphone in hand and a QR code at the ready, Ramaswamy didn’t just want your dollars—he wanted a referendum on fiat currency. “Let’s make the 2024 election a referendum on fiat currency,” he declared, emphasizing the powerful message behind adopting Bitcoin in political fundraising. Let’s be honest, nothing says “democracy” quite like a QR code!
Scannable Donations Made Simple
According to Ramaswamy, contributions can be made by simply scanning the QR code that he displayed on stage, leading supporters straight to a payment gateway. This gateway not only accepts Bitcoin but also satoshis, the tiniest slices of Bitcoin goodness. Talk about accessibility! It’s like waiting for your baked goods only to realize the bakery now accepts your mom’s secret cookie recipe as payment.
Choosing the Right Payment Partner
Ramaswamy has teamed up with BitPay, a popular payment service that doesn’t just stop at Bitcoin. Other cryptocurrencies like Bitcoin Cash (BCH), Ether (ETH), and even Dogecoin (DOGE) are on the table, giving donors plenty of options to support the campaign. Just picture the late-night decisions: “Do I donate in Bitcoin or as a Shiba Inu?! Decisions, decisions.”
The Perks of Donating
Eligible U.S. citizens and permanent residents can donate up to a whopping $6,600 (no, that’s not a typo) to Ramaswamy’s campaign. But don’t start saving those pennies just yet! These donations aren’t tax-deductible. Plus, every generous donor will receive a nonfungible token (NFT) as a reward. Seriously, who knew donating would come with collectibles? It’s basically the adult version of trading baseball cards, just with a lot more zeros.
A Glimpse into Political Crypto Regulations
Meanwhile, lawmakers in Kansas have introduced a bill capping donations from cryptocurrency at $100, forcing receivers to immediately convert the crypto into good ol’ U.S. dollars without holding onto the digital assets. So, if you’re planning on using crypto to battle for political change, it’s safe to say, you might need a backup strategy!
