• Thu, 20 Jun 2019, 09:07 AM
  • All times are UTC
  • Edition:
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.
  • Bitcoin (BTC) $9,232.48 (+0.83%)
  • Ethereum (ETH) $267.12 (-0.65%)
  • XRP (XRP) $0.428000 (-1.41%)
  • Litecoin (LTC) $134.70 (-2.09%)
  • Bitcoin Cash (BCH) $408.86 (-1.96%)
  • Bitcoin (BTC) $9,232.48 (+0.83%)
Jun 20, 2019 (Thursday)
Blockchain firm Algorand's token sale raises $60M within four hours
Brazil seeks to curb tax fraud, publishes new rules for cryptocurrency exchanges
Open banking platform Token secures $16.5M strategic investment to transform payment industry
U.S. Senate schedules July hearing for Facebook's Libra crypto
Major JSTA-Securitize partnership aimed at boosting Japanese digital securities adoption
HSBC-Dubai blockchain partnership to shake up the retail industry
Blockchain dominates Singapore skills market in new LinkedIn report
New cryptocurrency auditing tool announced by PwC
Hard Core Fund secures 50 BTC to fund bitcoin developers
Cloudflare bets big on Ethereum, new gateway announced
Russia to soon approve cryptocurrency bill
Ethereum-powered video platform raises $8M in Series A funding led by Northzone
U.S.-based Monsoon Blockchain inks MOA with two Philippines government agencies DTI, DICT
India's TRAI may implement blockchain in mobile number portability
Jun 19, 2019 (Wednesday)
Block.one pays $30M for domain name of upcoming blockchain-based social media platform “Voice”
R3, ripe.io team up to enhance transparency and trust for food and agricultural supply chain using blockchain
Crypto Technicals: XMR/USD pares previous sessions' losses, close above $100 mark to propel further gains
Georgian government and universities team up with IOHK to explore blockchain potential
Crypto Technicals: ETH/EUR retraces with 'Hammer' formation, breakout at 50H SMA (240) to see further upside
Euroclear develops blockchain solution for commercial paper with Banco Santander, EY and European Investment Bank
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.