Presidential Candidate Accepts Crypto Donations For His U.S. Presidency Campaign
The Democratic presidential candidate, Eric Swalwell, is now accepting crypto donations for his campaign. The information was released by the candidate in a recently published press release. Swalwell is a presidential candidate that announced his bid back on April 8.
Democratic Presidential Candidate Accepts Crypto Donations
At the moment, Swalwell serves on the House Intelligence and Judiciary committees and he is also the co-chair of the Democratic Steering and Policy Committee. A few days ago, The White Company announced that Swalwell was going to be accepting digital assets for his presidential campaign. The firm is in charge of dealing with the digital currencies that he receives.
At the moment, he is accepting six different cryptos: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Stellar Lumens (XLM), Bitcoin SV (BSV) and White standard (WSD). The candidate is also a supporter of blockchain technology and digital currencies.
Swalwell commented about it:
“Blockchain can change the world if we let it. So much of our public life now exists online, and there’s no reason to believe we can’t extend this further into our democracy and our economy from exercising our right to vote, to how we look at cryptocurrency.”
The representative has also signed a letter to the Internal Revenue Service seeking more clarity about virtual currencies and taxation. The White Company offers stablecoins, a fiat on/off ramp, a cryptocurrency exchange and many other services related to digital assets.
There are several candidates that are running for president that are defending virtual currencies and blockchain technology. One of them is John McAfee, who aims at running in the 2020 White Hosue race. At the moment, he is running for president from international waters due to the fact that he is being prosecuted by U.S. tax authorities.
According to Elizabeth White, the founder of the crypto startup, explained that by enabling crypto donations, Swalwell will make it easier for individuals to support his campaign and also show the values of democratization of financial services to a large part of the population.