Vivek Ramaswamy, a presidential candidate for 2024, became just the second candidate in the history of the United States to accept Bitcoin donations as an acceptable form of donations. In his speech, he announced that he would be accepting donations, and the revelation came just a couple of days after Robert F. Kennedy Jr. became the first presidential candidate in US history to accept campaign donations in Bitcoin.
At Bitcoin 2023 in Miami, Ramaswamy went on to state that he would be making the 2024 election a referendum on all forms of fiat currency. On the stage, the presidential candidate flashed a QR code, which when scanned would redirect the users to a payment gateway that would offer various forms of payment options for donations- which would include satoshis and BTCs.
Vivek Ramaswamy Will Accept Crypto As Donation Sums
Vivek Ramaswamy opted for the payment service for BitPay to receive Bitcoin donations. However, the company also supports several other cryptocurrencies, which include Ether, Bitcoin Cash, Litecoin, ApeCoin, Shiba Inu, and Dogecoin, among others. Eligible permanent residents and US citizens will be able to donate up to $6600 for the campaign, which would not be deductible as charitable contributions for federal income tax purposes. Donors would also be awarded an NFT, with the donation page stating that after one donates, they could come back to claim the NFT.
Before Vivek Ramaswamy, lawmakers in the Kansas House of Representatives introduced a bill in February, which proposed a cap of $100 when it came to crypto political donations. For donations that were under $100, the receiver would need to convert the crypto currencies to US dollars, which was not used for expenditures, and not hold the funds.