Crypto News: Boosting Political Donations with Coinbase-Backed Base
Crypto Donations Gain Momentum via Base
On September 6, Jesse Pollak, the lead developer of Coinbase-backed Ethereum Layer-2 network Base, announced that three congressional candidates had begun accepting cryptocurrency donations through the platform. Although Pollak did not disclose their names, this move highlights the growing acceptance of crypto donations in the current election cycle.
Supportcrypto.org Facilitates Donations
Pollak mentioned that Supportcrypto.org, a website run by Digital Democracy, onboarded the congressional candidates. Supportcrypto.org allows users to donate using over 240 cryptocurrencies, including Bitcoin and Ethereum, or through credit card payments.
- Fast Transactions: Crypto donations are faster, ensuring timely support for candidates.
- Security: The platform promotes secure transactions as a key feature.
- Regulatory Compliance: It claims to comply with US regulations.
It also emphasizes that only the necessary information is collected to meet compliance requirements. The growing trend of cryptocurrency in fundraising signifies a notable shift in political financing as candidates embrace digital currencies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.