If your elected representative to the U.S. Congress has never heard of cryptocurrencies, how do you start telling them about it? Hoping to raise awareness, blockchain advocacy group Chamber of Digital CommerceÃ¢ÂÂs Political Action Committee (PAC) wants to start by contributing $50 worth of bitcoin to the campaign of each congressperson.ÃÂ
Announced Monday, the advocacy group said under its new Ã¢ÂÂCrypto for CongressÃ¢ÂÂ initiative all members of the U.S. legislative body would receive campaign contributions in bitcoin.ÃÂ
According to the groupÃ¢ÂÂs founder, Perianne Boring, this is an attempt to raise awareness and give congresspeople a chance to interact with blockchain technology and digital assets. In addition to the contribution, the ChamberÃ¢ÂÂs PAC will also provide online training and a toolkit to help members of Congress engage with cryptocurrencies.ÃÂ
- Ã¢ÂÂOne of the biggest challenges weÃ¢ÂÂve always had is people just really donÃ¢ÂÂt understand what the heck it is weÃ¢ÂÂre talking about,Ã¢ÂÂ said Boring.ÃÂ
- She added that letting senior government officials interact with crypto assets through such an initiative could aid the groupÃ¢ÂÂs advocacy efforts for an industry that faces multiple public policy challenges such as taxation and regulatory jurisdiction.
- According to the group, once informed about the contribution, the representativeÃ¢ÂÂs campaign can either accept it, pass it on to a charity that accepts bitcoin (BTC) or just opt out.ÃÂ
- Ã¢ÂÂCrypto for Congress brings an opportunity for our entire Congressional community to join this generational shift in finance and technology,Ã¢ÂÂ said Rep. Tom Emmer (R-Minn.), chairman of the National Republican Congressional Committee (NRCC), in an emailed statement. Emmer is widely regarded as one of the most pro-crypto members of Congress.
- Boring added that all of the bitcoin being given away as contributions has been mined by its U.S. based tech partners, Core Scientific and Luxor. Ã¢ÂÂWeÃ¢ÂÂre getting clean bitcoin that was mined here,Ã¢ÂÂ she said.ÃÂ
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