U.S Presidential Contender Vivek Ramaswamy To Accept Bitcoin Donations

• This news broke just two days after Robert F. Kennedy Jr. announced the same.
• On stage, Ramaswamy displayed a QR code that, when scanned, leads to a donation page.

Vivek Ramaswamy is the second US presidential contender in 2024 to announce that he would take Bitcoin contributions. Saying, “Give $1,” Ramaswamy said that he would take Bitcoin contributions.

This news broke just two days after Robert F. Kennedy Jr. made history by becoming the first U.S. presidential contender to take Bitcoin as campaign contributions. When Ramaswamy took the stage at Bitcoin 2023 in Miami, Florida, he said, “Let’s make the 2024 election a referendum on fiat currency.”

Multiple Cryptocurrencies Accepted

On stage, Ramaswamy displayed a QR code that, when scanned, leads to a donation page accepting a variety of payment methods, including Bitcoin and its smallest unit of currency, the satoshi. Ramaswamy has chosen BitPay as his Bitcoin contribution processing provider. Bitcoin Cash, Ether, ApeCoin, Litecoin, Dogecoin, and Shiba Inu are just some of the altcoins that BitPay accepts.

Donations made by citizens and permanent residents of the United States up to $6,600 for the campaign are not tax deductible. Donors will be given a non-fungible token (NFT), with the message “After donating, come back to claim your NFT.” shown on the contribution page.

The Kansas House of Representatives proposed a $100 limit on cryptocurrency political contributions in February. The recipient must “immediately convert” cryptocurrency donations under $100 into U.S. dollars, use the monies in any way other than cryptocurrency, and not hoard any of the cryptocurrency.However, President Biden made cryptocurrencies a focal point of his opposition to a debt solution at the G7 conference that would protect wealthy tax evaders and cryptocurrency speculators at the expense of one million Americans who rely on government food help.