Copy link
Increase text size
Decrease text size
Link copied

Rep. Swalwell accepting bitcoin donations in bid for US presidency

“Eric Swalwell answers questions-2,” by JD Lasica, is licensed under CC BY 2.0.

Fri, 24 May 2019, 06:15 am UTC

Rep. Eric Swalwell has started accepting cryptocurrencies as donations to support his U.S. presidential bid in 2020, blockchain firm The White Company announced on Thursday.

A dedicated web page was set up by the firm, which allows supporters of the 38-year-old politician to send six supported cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Stellar (XLM), Bitcoin SV, and The White Company’s native token 'White Standard'.

Blockchain can change the world, if we let it,” Swalwell, who will represent the Democratic Party in the state of California, said in a video.

Noting that much of peoples’ lives exist online, Swalwell pointed there is no reason to “believe that we cannot extend this further into our democracy and our economy – from exercising our right to vote to how we look at cryptocurrency.”

“Government has to keep up with the times, and the times have changed. We must study but ultimately embrace these new frontiers so that our nation and how we fund it and run it never becomes obsolete,” he concluded.

Swalwell is currently serving as the U.S. Representative for California’s 15th congressional district since 2013. He has also served on the House Permanent Select Committee on Intelligence and the House Judiciary Committee.

Meanwhile, Swalwell is not the first U.S. presidential candidate to accept cryptocurrency-based donations.

American entrepreneur Andrew Yang has been gathering funds through Bitcoin, Ether, and other cryptocurrencies based on the ERC20 standard for nearly a year now. Known as the “bitcoin candidate” to some, Yang was reportedly the first candidate to call for clearer regulatory guidelines on cryptocurrencies.

“It’s time for the federal government to create clear guidelines as to how cryptocurrencies/digital asset markets will be treated and regulated so that investment can proceed with all relevant information,” the pro-bitcoin Democrat wrote on his online manifesto.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,908.42 (+1.38%)
  • Ethereum (ETH) $204.93 (+1.40%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $228.88 (+1.38%)
  • Bitcoin SV (BSV) $185.00 (+0.16%)
  • Bitcoin (BTC) $8,908.42 (+1.38%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft