A second candidate in the running for the position of United States President is now officially accepting Bitcoin campaign donations. With the announcement, Vivek Ramaswamy becomes the second candidate to accept BTC donations for the 2024 elections.
“Give $1,” stated Ramaswamy while making the announcement that he would be accepting donations in Bitcoin.
The announcement came just days after Robert F. Kennedy Jr. would become the first United States Presidental candidate ever to accept Bitcoin for campaign donations.
“Let’s make the 2024 election a referendum on fiat currency.” – Vivek Ramaswamy, U.S. Presidential Candidate
Ramaswamy showed a QR code during the announcement. When scanned, the code will direct users to a secure payment gateway that provides a number of donation payment options, including Bitcoin and Satoshi (sats).
Ramaswamy is currently using BitPay as his campaign’s chosen payment service provider for receiving crypto donations. BitPay does support various other cryptocurrencies as well, including Bitcoin Cash, Ether, ApeCoin, Litecoin, Dogecoin, and more.
United States citizens and permanent residents who meet eligibility requirements are allowed to donate as much as $6,600 to the campaign. Any amount donated is not considered a “charitable” donation and therefore is not tax deductible. According to the donations page, those who donate will receive an NFT (nonfungible token).
Earlier this year, Kansas lawmakers introduced a bill that would cap cryptocurrency political donations at $100. Donations under $100 would need to be immediately converted into United States dollars rather than being spent or held.