Singapore markets open in 4 hours 15 minutes
  • Straits Times Index

    3,161.22
    -5.72 (-0.18%)
     
  • S&P 500

    4,387.16
    -8.10 (-0.18%)
     
  • Dow

    34,838.16
    -97.31 (-0.28%)
     
  • Nasdaq

    14,681.07
    +8.39 (+0.06%)
     
  • BTC-USD

    38,892.46
    -2,284.50 (-5.55%)
     
  • CMC Crypto 200

    953.11
    -7.79 (-0.81%)
     
  • FTSE 100

    7,081.72
    +49.42 (+0.70%)
     
  • Gold

    1,816.60
    -0.60 (-0.03%)
     
  • Crude Oil

    71.47
    -2.48 (-3.35%)
     
  • 10-Yr Bond

    1.1740
    -0.0650 (-5.25%)
     
  • Nikkei

    27,781.02
    +497.43 (+1.82%)
     
  • Hang Seng

    26,235.80
    +274.77 (+1.06%)
     
  • FTSE Bursa Malaysia

    1,493.00
    -1.60 (-0.11%)
     
  • Jakarta Composite Index

    6,096.54
    +26.50 (+0.44%)
     
  • PSE Index

    6,446.31
    +176.08 (+2.81%)
     

Republican House Campaign Arm to Accept Donations in Crypto

·1-min read

The National Republican Congressional Committee will accept donations in cryptocurrency, making it the first national political party committee to do so, Axios reported on Wednesday, citing the committee.

The NRCC will use BitPay to process contributions, which will be converted into U.S. dollars before being deposited to the committee’s account, according to Axios’ report. By not taking possession of the cryptocurrencies, the NRCC can accept individual donations of as much as $10,000 per year, avoiding the $100 maximum-value limit per year for cryptocurrency transfers.

See also: Australian Minister Says Government Has ‘No Issue’ With Crypto Investment

Related: Bitcoin Holds Short-Term Support; Faces Resistance at $41K

 “We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority, and this innovative technology will help provide Republicans the resources we need to succeed,” Axios cited NRCC Chairman Rep. Tom Emmer (R-Minn.) as saying in a statement.

Emmer is a co-chairman of the Congressional Blockchain Caucus and a member of the House Financial Services Committee.

Related Stories

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting