Mike Collins starts accepting crypto donations for campaign

The Mike Collins representative of Georgia has announced that his campaign would now accept cryptocurrency donations.

Collins, an active cryptocurrency entrepreneur and merchant represents the 10th District of the Georgia Congress and was a vocal defender of the crypto.

“America has been retained by our reluctance to adapt to emerging technology, be it an AI, automatic learning or alternative assets like crypto”, Collins declared. “I hope that by introducing this platform, I can destroy the cryptography industry and advance the future of global finance and innovation.”

He underlined the need for the United States to remain competitive in the global financial system by adapting to alternative digital assets, including Bitcoin (BTC), Ethereum (Ethn), Altcoins and even.

Donald Trump started a trend

The Collins campaign is part of the growing number of political entities embracing the contributions of cryptocurrencies, reflecting a broader trend in American politics.

President Donald Trump Crypto added in its political and commercial companies. Trump’s campaign began to accept crypto donations during the 2024 electoral cycle.

Its official website highlighted this decision as a testimony to its support for American innovation and a step towards the fight against the regulatory constraints imposed by the previous administration.

Beyond campaign contributions, Trump Commercial commitments were intertwined with the cryptographic industry. Its inauguration committee has received substantial donations from large cryptocurrency companies such as Ripple, Coinbase, Kraken and Moonpay, with contributions ranging from $ 4 to 5 million.

These gifts highlight the strategic efforts of the cryptographic industry to influence politics and be favorable to the political sphere.

The tendency to accept cryptocurrency donations is not limited to republican personalities. Future advance PAC, a leading super political action committee supporting Democratic vice-president Kamala Harris, announcement His acceptance of contributions from cryptocurrencies.

In addition, the ripple give money in Kamala Harris during the 2024 electoral cycle.

The Federal Electoral Commission allow The contributions of cryptocurrencies to political committees, provided that they adhere to existing contribution limits and declaration requirements. Campaigns receiving such donations must convert them into traditional currency before spending and guarantee compliance with relevant regulations.