Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin
Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts.
“I am bullish on bitcoin, and I’m proud to accept bitcoin campaign donations,” he said in a recent interview with Forbes.
Cruz’s official website now features the Bitcoin logo on the front page, offering supporters the option to donate in crypto.
The Senator is using BitPay, a crypto payment processor that facilitates Bitcoin, Ethereum ( ETH), Bitcoin Cash ( BCH) and Litecoin ( LTC) payments with the option of instant converting to USD.
The move by Senator Cruz follows a growing trend among political figures embracing cryptocurrencies.
Earlier this year, mayors from Miami and New York City, representing both sides of the political aisle, elected to receive paychecks in Bitcoin, sparking interest and prompting other mayors to consider similar actions.
If Cruz’s move proves successful, it may encourage other politicians to follow suit, potentially triggering a broader adoption of cryptocurrencies in the political landscape.
While Republicans have generally shown more vocal support for Bitcoin, the phenomenon is not strictly partisan.
Senator Kirsten Gillibrand (D-NY) co-sponsored a crypto bill with Senator Cynthia Lummis (R-WY), demonstrating bipartisan interest in legitimizing the industry and clarifying regulations.
Similarly, Representative Ritchie Torres (D-NY) penned an essay titled “A Liberal Case for Cryptocurrency,” highlighting the benefits for the underprivileged and challenging the power dynamics associated with Wall Street.
Bitcoin’s bipartisan support was evident at the recent Bitcoin 2023 conference in Miami, where politicians from diverse backgrounds, including current and former presidential
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