Crypto and politics haven’t seen much overlap since the Biden administration’s order to investigate and regulate the industry a few months ago. In case you forgot, Biden’s executive order called for regulation of the crypto industry at large, by calling on federal agencies to take a unified approach to regulation and oversight of digital assets. The order had six areas of focus: consumer and investor protection, financial stability, Illicit activity, U.S. competitiveness on a global stage, financial inclusion, and responsible innovation.
One startup is flipping the script, encouraging politicians to take donations in crypto. The new platform is called Engage Raise, and it is set to launch in July. The platform will allow federal candidates to raise campaign cash solely through crypto. This isn’t the first-time candidates have received crypto donations; in the past Crypto executives have contributed more than $30 million toward federal candidates and campaigns. Some crypto advocates like Bitcoin investors were key campaign funders.
What do you think about this new door for campaign funding and it could help promote pro-crypto policies in the future?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.