Base By Coinbase Eases Crypto Donations For All US Politicians

Ethereum layer 2 solution, Base will power a new crypto donations platform, Support Crypto ahead of the U.S. Presidential elections. The company encourages crowdfunding through crypto assets to further improve industry rules in Washington. This year, industry executives have pushed for pro-crypto laws in Congress ahead of the U.S. elections.

Base Backs Crypto Fundraising Platform 

Support Crypto which is on the Base Network will allow US politicians and candidates to raise funds ahead of elections. According to the platform, users can participate in 100% crypto donations to support their causes along with minimum information to fulfill requirements. Engage Raise is behind the platform which supports Bitcoin (BTC), Ethereum (ETH), and 240 assets. 

This will help users discover crypto-friendly candidates ahead of the forthcoming elections spanning through parties in line with similar efforts. “Today, the future of digital currencies is being negotiated in Washington D.C. By supporting blockchain-friendly candidates through cryptocurrency, you are championing the future of online currencies. Donate today. Be part of the larger crypto-political movement.”

Furthermore, the platform aims to support activists and campaigns at the front lines with the best tools. About 13 US politicians have registered on the platform including pro-crypto candidate, Cynthia Lummis. Jesse Pollak a Base builder wrote on X (formerly Twitter) that politicians can now accept on-chain donations with lower fees than credit cards.

Also Read: Bitcoin Miner Marathon Digital to Pay $139 Million Fine, MARA Stocks Tanks 2.5%

Digital Asset Execs Point to Regulations

Cryptocurrency stakeholders have hammered on pro-industry regulations to encourage innovation, finance, and inclusion. The run-up to the US elections has seen moves towards clearer rules. The Digital Chamber recently penned a letter to Kamala Harris asking her to take a pro-crypto stance unlike Biden as the campaign thickens. 

This comes after several crypto and tech executives have thrown their weight behind Donald Trump setting sight on clear rules. US President Joe Biden has been described as being at war with the crypto market as the Securities and Exchange Commission (SEC) continues its regulatory onslaught on crypto firms.

Also Read: Budget 2024: Crypto Community Disappoint; India Hikes Capital Gain Tax  

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