Published
5 years ago on
November 05, 2018
“U.S. Congressional candidates have raised $550,000 in cryptocurrencies since 2014. To put that figure in perspective, the amount is equal to 0.032 percent of the more than $1.7 billion that's been raised by candidates since the 2014 election cycle. While the amount donated in cryptocurrency is a fraction of one-tenth of a percent of total contributions, the author claims that the scope and threat are large because virtual currencies are used by more than 3 billion people.â€Nearly 40% of the global population doesn't use crypto and the world digital money aren't properly used interchangeably according to Forde. Forde also says that critics are known for claiming digital currencies can’t be inspected easier by the public and that we should publish the wallet addresses of the contributions:
“Contributions made with cryptocurrencies require the same reporting requirements as contributions made with cash, checks and credits cards -- publishing the donor's full name and address. It's important to note that cash is the most anonymous form of payment in the world -- yet it is accepted by every campaign. The majority of campaign contributions are made with credit cards. The easiest way for a foreign actor to illegally contribute to a campaign is with a prepaid debit card bought with cash at a convenience store -- not cryptocurrencies.â€Even though Bitcoin is ten years old this year, there is still a lot of things which aren’t known to everyone. This can lead to chaos and fear regarding the crypto and it’s vital that the mainstream is informed with facts and not hysteria. This technology will be requested to be regulated by the elected representatives. Two years ago, there were almost 300,000 voters overseas who requested ballot weren’t able to return them to their country clerks. Crypto will also ensure that 19,000 servicemen and women votes are counted this midterm election. What are your thoughts? Let us know down below!
