The Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contributions to help them learn about cryptocurrency. The initiative is supported by Congressional Blockchain Caucus members, including pro-crypto Representatives Darren Soto and Tom Emmer.
Each Congress Member Receiving Bitcoin Contribution
The “Crypto for Congress” initiative has launched, the Chamber of Digital Commerce announced Monday. “Today, all members of the United States Congress will receive a campaign contribution in bitcoin” as part of this initiative, the announcement details. There are 535 members of Congress: 100 serve in the U.S. Senate and 435 in the House of Representatives.
The Chamber of Digital Commerce Political Action Committee will provide $50 bitcoin contribution. The organization also provides online public educational training, a toolkit, and various resources to Congress members across all parties “to help them engage directly in the cryptocurrency ecosystem,” the announcement explains. According to information on the initiative’s website:
Crypto for Congress is an educational initiative aimed at expanding the use and adoption of digital assets among Congressional candidates, elected leaders, and engaged citizens.
“Now is the moment for all members of Congress to learn about and embrace cryptocurrencies and blockchain technology, and the best way to do that is to set up a digital wallet and get started on the blockchain journey,” said Perianne Boring, the organization’s founder and president. “Many other nations like China, Japan, Singapore and Switzerland have rapidly embraced blockchain technology and created robust national plans to be global leaders in this area. The United States is falling behind in technological innovation and this is not a risk we should be willing to take.”
The Crypto for Congress initiative is supported by members of the Congressional Blockchain Caucus, including pro-cryptocurrency Representatives Darren Soto and Tom Emmer. Sponsors of the newly launched initiative include Anchorage, Bitpay, Blockfi, CMT Digital, Circle, Civic, Etoro, Flipside Crypto, Medici Ventures, Messari, and Paxos.
“Crypto for Congress brings an opportunity for our entire Congressional community to join this generational shift in finance and technology,” Rep. Tom Emmer commented. “By embracing the digital asset movement, we have an opportunity to take a significant step forward to ensure America’s leadership position in the future of the global economy.”
What do you think about the Crypto for Congress initiative? Let us know in the comments section below.
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